EXCHANGE: COMEX
CONTRACT: AUGUST 2026 COMEX 100 GOLD FUTURES
SETTLEMENT: 4,100.100000000 USD
INTENT DATE: 07/30/2026 DELIVERY DATE: 08/03/2026
FIRM ORG FIRM NAME ISSUED STOPPED
072 C GOLDMAN 952
167 C MAREX 4
323 C HSBC 320
332 H STANDARD CHARTERED B 1705
363 H WELLS FARGO SECURITI 1025
555 C BNP PARIBAS SEC CORP 2383
555 H BNP PARIBAS SEC CORP 1998
624 H BOFA SECURITIES 1866
657 C MORGAN STANLEY 2377
657 H MORGAN STANLEY 262
661 C JP MORGAN SECURITIES 5631 2014
686 C STONEX FINANCIAL INC 17
690 C ABN AMRO CLR USA LLC 5
709 C BARCLAYS 529
732 C RBC CAP MARKETS 1789
732 H RBC CAP MARKETS 2598
845 C GOLDMAN SACHS CLEARI 21
880 C CITIGROUP 289
905 C ADM 20 59
TOTAL: 12,932 12,932
GOLD: NUMBER OF NOTICES FILED FOR AUGUST/2026: 12,932 CONTRACTs NOTICES FOR 1,293,200 OZ or 40.414 TONNES
total notices so far: 12,932 contracts FOR 1,293,200 OZ OR 40.414TONNES
SILVER NOTICES: 696 NOTICE(S) FILED FOR 3,480,000 OZ /
total number of notices filed so far this month : 696 CONTRACTS (NOTICES) for 3.480 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 3 CONTRACT QUEUE JUMP OR 0.015MILLION STANDING ADVANCES TO 45.875 MILLION OZ///
AUGUST INITIAL STANDING 6.240 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: 38.335 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 15,000 OZ QUEUE JUMP //STANDING THUS ADVANCES TO 45.875 MILLION OZ//
AUGUST 6.240 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 40.824TONNES
AUGUST INITIAL STANDING 48.687 TONNES PLUS 0.0715 TONNES EXCHANGE FOR RISK EQUALS 48.758 TONNES
GOLD PRICE ROSE BY $67.30
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 0.0000 TONNES/ PLUS 0.0062 TONNES EX FOR RISK///NEW STANDING FOR GOLD REMAINS AT 40.824TONNES.
AUGUST INITIAL STANDING 48.687 TONNES PLUS 0.0715 TONNES EXCHANGE FOR RISK EQUALS 48.758 TONNES
JAN. 2025: 257.919 TONNES (ISSUANCE WILL BE PRETTY GOOD THIS MONTH BUT MUCH LOWER THAN LAST MONTH)
FEB: 207.21 TONNES//EX FOR PHYSICAL ISSUANCE (WILL BE A FAIR SIZED ISSUANCE THIS MONTH)
MARCH 130.84 TONNES//QUITE SMALL THIS MONTH.
APRIL; 208.57 TONNES. STRONG THIS MONTH
MAY: 113.499 TONNES OF GOLD EFP ISSUANCE//QUITE SMALL THIS MONTH
JUNE: 97.79 TONNES OF GOLD EFP ISSUANCE/EXTREMELY SMALL
JULY : 150.877 TONNES// QUITE SMALL
AUGUST: 175.86 TONNES A LOT LARGER THIS MONTH.
SEPT. 116.13 TONNES VERY SMALL
OCT. 252.72 TONNES//CERTAINLY MUCH LARGER THIS MONTH/VERY STRONG
NOV: 124.74 TONNES
DEC: 190.04 TONNES//GOOD SIZED THIS MONTH FINAL.
TOTAL EXCHANGE FOR PHYSICAL ISSUED FOR YEAR 2025: 2,026.20 TONNES (LOWER THAN LAST YR 2,569.00 TONNES
JANUARY: 209.08 TONNES ( (WILL BE A STRONG MONTH FOR EXCHANGE FOR PHYSICAL)
FEB. 176.35 TONNES (WHICH IS A FAIR ISSUANCE)
MARCH: 214.67 TONNES//WILL BE STRONG ISSUANCE THIS MONTH
APRIL; 88.00 TONNES// WILL BE VERY SMALL THIS MONTH
MAY 118.430 TONNES
JUNE: 142.053 TONNES
JULY: 163.82 TONNES
HERE IS A BRIEF SYNOPSIS OF HOW THE CROOKS FLEECE UNSUSPECTING LONGS
YOU WILL ALSO NOTICE THAT THE COMEX OPEN INTEREST STARTS TO RISE BUT SO IS THE OPEN INTEREST OF SPREADERS. THE OPEN INTEREST IN WILL CONTINUE TO RISE UNTIL ONE WEEK BEFORE FIRST DAY NOTICE OF AN UPCOMING ACTIVE DELIVERY MONTH (OCT), AND THAT IS WHEN THE CROOKS SELL THEIR SPREAD POSITIONS BUT NOT AT THE SAME TIME OF THE DAY. THEY WILL USE THE SELL SIDE OF THE EQUATION TO CREATE THE CASCADE (ALONG WITH THEIR COLLUSIVE FRIENDS) AND THEN COVER ON THE BUY SIDE OF THE SPREAD SITUATION AT THE END OF THE DAY. THEY DO THIS TO AVOID POSIT
WHAT IS ALARMING TO ME, ACCORDING TO OUR LONDON EXPERT ANDREW MAGUIRE IS THAT THESE EFP’S ARE BEING TRANSFERRED TO WHAT ARE CALLED SERIAL FORWARD CONTRACT OBLIGATIONS AND THESE CONTRACTS ARE LESS THAN 14 DAYS. ANYTHING GREATER THAN 14 DAYS, THESE MUST BE RECORDED AND SENT TO THE COMPTROLLER, GREAT BRITAIN TO MONITOR RISK TO THE BANKING SYSTEM. IF THIS IS INDEED TRUE, THEN THIS IS A MASSIVE CONSPIRACY TO DEFRAUD AS WE NOW WITNESS A MONSTROUS TOTAL EFP’S ISSUANCE AS IT HEADS INTO THE STRATOSPHERE.
The crooks also use the spread in the TAS account (trade at settlement). They buy the spot TAS (e.g. June) and sell the future TAS two months out (e.g. August). Then they unload the front month (i.e. unload the buy side first so the price of gold/silver falls. This occurs in the middle of the front delivery month cycle. They unload the sell side of the equation, two months down the road. The crooks violate position limits as the OCC refuse to hear our complaints.
First, here is an outline of what will be discussed tonight:
SILVER:
1.TODAY WE HAD THE OPEN INTEREST AT THE COMEX IN SILVER ROSE BY A HUGE 1093 CONTRACTS TO AN OI OF 110,077
EFP ISSUANCE 200 CONTRACTS
OUR CUSTOMARY MIGRATION OF COMEX LONGS CONTINUE TO MORPH INTO LONDON FORWARDS AS OUR BANKERS USED THEIR EMERGENCY PROCEDURE TO ISSUE:
SEPT 200 CONTRACTS and 0 ALL OTHER MONTHS: ZERO. TOTAL EFP ISSUANCE: 0 CONTRACTS. EFP’S GIVE OUR COMEX LONGS A FIAT BONUS PLUS A DELIVERABLE PRODUCT OVER IN LONDON. IF WE TAKE THE COMEX OI GAIN OF 1093 CONTRACTS AND ADD TO THE 200 E.FP. ISSUED
WE OBTAIN A HUGE GAIN OF 1293 OI OPEN INTEREST CONTRACTS FROM OUR TWO EXCHANGES WITH OUR GAIN OF $0.97
THUS IN OUNCES, THE GAIN ON THE TWO EXCHANGES TOTALS 6.465 MILLION PAPER OZ
STANDING ADVANCES TO MILLION OZ
SILVER PRICE GAINED $0.97
2.ASIAN AFFAIRS JULY 31 /2025
SHANGHAI CLOSED DOWN 23.78 PTS OR 0.62%
HANG SENG CLOSED UP 38.08 PTS OR 0.15%
Nikkei CLOSED UP 431.81 PTS OR 0.70%
//Australia’s all ordinaries CLOSED DOWN 0.14%
//Chinese yuan (ONSHORE) CLOSED UP TO 6.7581
/ OFFSHORE CLOSED UP AT 6.7564 Oil UP TO 85.46 dollars per barrel for WTI and BRENT UP TO 92.45 Stocks in Europe OPENED ALL MOSTLY GREEN
ONSHORE USA/ YUAN// WITH YUAN TRADING UP (6.7581 OFFSHORE YUAN TRADING UP TO 6.7564)ONSHORE YUAN TRADING BELOW LEVEL OF OFF SHORE AND UP ON THE DOLLAR// / AND THUS STRONGER/OFF SHORE YUAN TRADING UP AGAINST US DOLLAR/ AND THUS STRONGER
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1. COMEX DATA//AMOUNTS STANDING//VOLUME OF TRADING/INVENTORY MOVEMENTS
LET US BEGIN:
THE TOTAL COMEX GOLD OPEN INTEREST ROSE BY A FAIR 2139 CONTRACTS TO 384,640 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 CONSIDERABLE T.A.S. LIQUIDATION DURING THURSDAY’S COMEX TRADING/. IT SEEMS THAT MANY OF THE SPECULATORS THAT HAVE NOW CONTINUED AGAIN TO BE ON THE SHORT SIDE WITH BANKERS ON THE LONG SIDE AND THESE GUYS WERE OBLITERATED YESTERDAY WHEN THE LONGS TENDERED FOR DELIVERY:
CENTRAL BANKS TENDERED THEIR NEW LONG CONTRACTS AT THE END OF THE DAY FOR PHYSICAL GOLD. YOU CAN VISUALIZE THIS WITH THE STRONG AMOUNT OF GOLD STANDING AT THE COMEX FOR THIS JULY CONTRACT MONTH!!
THE STRONG SIZED GAIN ON OUR TWO EXCHANGES (6721 CONTRACTS) OCCURRED DESPITE OUR GAIN IN PRICE IN GOLD (UP $63.70)
WE THUS HAD A STRONG GAIN IN OI ON BOTH OF OUR EXCHANGES (6721 CONTRACTS), DESPITE OUR GAIN IN PRICE, AS WE WERE INFORMED OF A FAIR CONTRACT EXCHANGE FOR PHYSICAL ISSUANCE EQUATING TO 4545 CONTRACTS.
THEN WE WERE NOTIFIED TODAY OF A 23 CONTRACT FOR RISK ISSUANCE IN GOLD CONTRACTS FOR 2,300 OZ OR 0 .0715 TONNES OF GOLD. TOTAL THUS SO FAR THIS MONTH: 23 CONTRACTS//2300 OZ OR 0.0715 TONNES
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
AUGUST 23 FOR 2300 OZ OR 0.0715 TONNES
DETAILS ON OUR NEW AUG COMEX CONTRACT MONTH//
IN TOTAL WE HAD A STRONG GAIN ON OUR TWO EXCHANGES OF 6721 CONTRACTS WITH OUR GAIN IN PRICE ($63.60). 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/AUG CONTINUES TO DISTORT OPEN INTEREST NUMBERS GREATLY ALTHOUGH THE T.A.S. ISSUANCES IN GOLD HAVE GENERALLY BEEN ON THE LOW SIDE COMPARED TO SILVER WHICH HAVE BEEN HUGE. TODAY’S NUMBER HOWEVER IS A SMALL SIZED T.A.S ISSUANCE CONTRACTS .THE CME NOTIFIES US THAT THEY HAVE ISSUED 889 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
AUGUST 23 FOR 2300 OZ OR 0.0715 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 0.000TONNES//NEW STANDING REMAINS AT 40.818TONNES PLUS 0.00622 TONNES EXHANGE FOR RISK// NEW TOTAL 40.824 TONNES . TOTAL QUEUE JUMPING SO FAR: 17.5802 TONNES OR 0.8790 TONNES ON EACH TRADING DAY LEAVING COMEX FOR EASTERN SHORES.
AUGUST INITIAL
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 AUGUST. CONTRACT;
THE SPECS/HFT WERE UNSUCCESSFUL IN LOWERING GOLD’S PRICE( IT ROSE BY $63.70
WE HAD ZERO T.A.S. SPREADER LIQUIDATION THURSDAY // 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
THURSDAY NIGHT/FRIDAY MORNING
THE CROOKS COULD NOT STOP OTHER CENTRAL BANK LONGS, SEIZING THE MOMENT, THEY EXERCISED AGAIN FOR PHYSICAL IN A BIG WAY TENDERING FOR PHYSICAL THURSDAY EVENING //FRIDAY MORNING AND THUS OUR HUGE NUMBER OF GOLD CONTRACTS STANDING FOR DELIVERY AT THE COMEX. CENTRAL BANKERS WAIT PATIENTLY FOR THE GOLD
ALL OF THIS WAS ACCOMPLISHED WITH OUR GAIN IN PRICE AT THE COMEX OF $63.70
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: 6721 CONTRACTS OR 6,721,00OZ (20.905TONNES)
AUG DELIVERY MONTH
JULY 31
| Gold | Ounces |
| Withdrawals from Dealers Inventory in oz | nil |
| Withdrawals from Customer Inventory in oz | 1 2 ENTRY i) Out of Loomis: 32,151.000 1000 kilobars 2) 128.606 oz ( 4 kilobars) total withdrawal 32,279.600 oz 1004 kilobars/1.004 tonnes |
| Deposit to the Dealer Inventory in oz | 0 ENTRY |
| Deposits to the Customer Inventory, in oz | DEPOSITS/CUSTOMER//gold ENTRIES: 1 i) Into Loomis Customer acct: 32,081.234 oz total deposit: Customer acct 32,081.234 xxxxxxxxxxxxxxxx |
| No of oz served (contracts) today | 12,932 CONTRACTS 1,293,200OZ 40.414TONNES OF GOLD |
| No of oz to be served (notices) | 2721Contracts 272100OZ 8.463 TONNES |
| Total monthly oz gold served (contracts) so far this month | 1,293,200notices 1,312,300 OZ 40.414TONNES |
| 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: 1
i) Into Loomis Customer acct: 32,081.234 oz
total deposit: Customer acct 32,081.234
xxxxxxxxxxxxxxxxxx
comex withdrawal
2 ENTRY
i) Out of Loomis: 32,151.000
1000 kilobars
2) 128.606 oz ( 4 kilobars)
total withdrawal 32,279.600 oz
1004 kilobars/1.004 tonnes
adjustments: 3 dealer to customer
a) Asahi 80,882.972 oz
b) Brinks31,651.632 oz
c)Stonex 5302.713 oz
COMEX IS DRAINING GOLD
chaos inside the comex
THE FRONT MONTH OF AUG OI STANDS AT 15,653CONTRACTS HAVING A LOSS OF 11,110 CONTRACTS.
THUS BY DEFINATION THE INITIAL AMOUNT OF GOLD WILLING TO STAND IS AS FOLLOWS
15,653 NOTICES X 100 OZ PER NOTICE
EQUALS
1565300 OZ
OR
48.687 TONNES
SEPTEMBER ADDED 676CONTRACT UP TO AN OI OF 4726
OCT ADDED 2717 CONTRACTS TO AN OI OF 52,255
.
We had 12,932 contracts filed for today representing 1,293,200 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 5631 contract(s) of which 0 notices were stopped (received) by j.P. Morgan dealer and 02012 notice(s) was (were) stopped (received) by J.P.Morgan//customer account
To calculate the INITIAL total number of gold ounces standing for AUGUST. /2026. contract month, we take the total number of notices filed so far for the month (12,932) to which we add the difference between the open interest for the front month of AUG (15,653CONTRACTS) minus the number of notices served upon today 12932x 100 oz per contract) equals 1,565,300 OZ OR (48.687 Tonnes of gold)then we add our first exchange for risk of 23 contracts for 2300oz or .0715..new standing 48.758 tonnes.
THUS: INITIAL total number of gold ounces standing for AUG. /2026. contract month, we take the total number of notices filed so far for the month (12,932) to which we add the difference between the open interest for the front month of AUG( 15,653) contracts minus the number of notices served upon today 12,932x 100 oz per contract) equals 1,565300 OZ OR (48.687 Tonnes of gold) plus 0.0715 tonnes exchange for risk..new standing 48.758
new total of gold standing in AUG becomes 48,TONNES//
TOTAL COMEX GOLD STANDING FOR AUG 48,758 TONNES TONNES WHICH IS NOW REALLY HUGE FOR THIS ACTIVE DELIVERY MONTH OF AUG
confirmed volume THURSDAY confirmed 202,958/ GOOD// 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: 1,833,860.233 oz 57.040 tonnes pledged gold lowers
total inventories in gold declining rapidly
total pledged gold: 1,833,860.233tonnes oz 57.040 tonnes
TOTAL OF ALL GOLD ELIGIBLE AND REGISTERED GOLD 27,037,404.600oz
TOTAL REGISTERED GOLD 14,661,925.615 tonnes (456.04onnes)
TOTAL OF ALL ELIGIBLE GOLD 12,375,478.615oz//eligible gold leaving hand over fist
REGISTERED GOLD THAT CAN BE SERVED UPON 12,828065oz ((REG GOLD- PLEDGED GOLD)=
401.79 Tonnes //
total inventories in gold declining rapidly
SILVER COMEX
AUG DELIVERY MONTH
JULY 31
| Silver | Ounces |
| Withdrawals from Dealers Inventory | NIL oz |
| Withdrawals from Customer Inventory | 1 entries i ) Delaware: 5,118.815 oz total withdrawal 5118.815 oz |
| Deposits to the Dealer Inventory | 0 |
| Deposits to the Customer Inventory | ENTRY: 1 i) Into CNT 500,021.276 oz total desposit 500,021,276 o |
| No of oz served today (contracts) | 696CONTRACT(S) ( 3.48 MILLIONOZ) |
| No of oz to be served (notices) | 552 Contracts (2.760 MILLION oz) |
| Total monthly oz silver served (contracts) | 696 contracts 3.48MILLION 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 500,021.276 oz
total desposit 500,021,276 oz
xxxxxxxxxxxxxxxxxxxxxxxxx
withdrawals: customer side/eligible
1entries
1 entries
i ) Delaware: 5,118.815 oz
total withdrawal 5118.815 oz
adjustments :1
customer to dealer cnt:
a) CNT 500,021.276 oz
xxxxxxxxxxxxxx
TOTAL REGISTERED SILVER: 99.720 MILLION OZ//.TOTAL REG + ELIGIBLE. 332.820 Million oz
registered silver dropping in numbers
CALCULATIONS FOR THE NEW STANDING FOR SILVER FOR JULY
silver open interest data:
FRONT MONTH OF AUGUST /2026 OI: 1248 OPEN INTEREST CONTRACTS FOR A LOSS OF 103 CONTRACTS.
THUS BY DEFINITION THE INITIAL AMOUNT OF SILVER WILLLING TO STAN IS AS FOLLOWS
1248 CONTRACTS X5000 OZ PER CONTRACT
EQUALS 6.240 MILLION OZ
SEPTEMBER SAW A GAIN OF 413 CONTRACTS UP TO AN OI OF 80,398 CONTRACTS
OCT GAINED 81 CONTRACTS TO AN OI OF 357
TOTAL NUMBER OF NOTICES FILED FOR TODAY: 1 or 5,000oz
CONFIRMED volume THURSDAY; 37,477// extremely poor//
XXX
AND NOW JULY. DELIVERIES:
To calculate the number of silver ounces that will stand for delivery in AUG. we take the total number of notices filed for the month so far at 696 X5,000 oz = 3.480 MILLION oz.
Thus the standings for silver for the AUG 2026 contract month: (696 )Notices served so far) x 5000 oz + OI for the front month of AUG ( 1248 ) minus number of notices served upon today (696 x 5000 oz equals silver standing for the AUG .contract month equating to 6240 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 99.220 million oz of registered silver
JPMorgan as a percentage of total silver: 137.898/332.820million: 41.50%
The record level of silver open interest is 234,787 contracts set on April 21./2017 with the price on that day at $18.42.
The previous record was 224,540 contracts with the price at that time of $20.44.
BOTH GLD AND SLV ARE MASSIVE FRAUD//
JULY 31//2026/WITH GOLD DOWN $50.40 /NO CHANGES IN GOLD AT THE GLD INTO THE GLD. : //:/INVENTORY RESTS AT 1009.30TONNES
JULY 30//2026/WITH GOLD UP $63.70 /NO CHANGES IN GOLD AT THE GLD INTO THE GLD. : //:/INVENTORY RESTS AT 1009.30TONNES
JULY 29//2026/WITH GOLD DOWN $0.10 /NO CHANGES IN GOLD AT THE GLD INTO THE GLD. : //:/INVENTORY RESTS AT 1009.30TONNES
JULY 28//2026/WITH GOLD UP 21.50 /NO CHANGES IN GOLD AT THE GLD INTO THE GLD. : //:/INVENTORY RESTS AT 1009.30TONNES
JULY 27.2026/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
JLY 24/2026/WITH GOLD UP 6.30 /NO 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
XX
JULY 31 WITH SILVER DOWN $90.00: :NOCHANGES IN INVENTORY AT THE SLV : / :INVENTORY RESTS AT 483.780 MILLION OZ
JULY 30 WITH SILVER UP $0.97: :SMALL CHANGES IN INVENTORY AT THE SLV : A DEPOSIT OF 723,000 OZ INTO THE SLV // :INVENTORY RESTS AT 483.780 MILLION OZ
JULY 29 WITH SILVER UP $0.34: :NO CHANGES IN INVENTORY AT THE SLV : // :INVENTORY RESTS AT 483.057 MILLION OZ
JULY 28 WITH SILVER UP $0.27: :HUGE CHANGES IN INVENTORY AT THE SLV A WITHDRAWAL OF 0.633 MILLION OZ FROM THE SLV : // :INVENTORY RESTS AT 483.057 MILLION OZ
JULY 27 WITH SILVER UP $0.27: :HUGE CHANGES IN INVENTORY AT THE SLV A WITHDRAWAL OF 0.722 MILLION OZ FROM THE SLV : // :INVENTORY RESTS AT 483.690 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 483.780 MILLION OZ OF SILVER
GOLD COMMENTARIES:
1.PETER SCHIFF
2. MATHEW PIEPENBERG/EGON VON GREYERZ
ALASDAIR MACLEOD.
PM sentiment low as it gets
Few investors are interested in major upheavals facing global finances. Indifference in summer is normal, but this is a time of maximum danger to personal wealth.
| Alasdair MacleodJul 31∙Paid |  |
It is a fact that after 55 years of this fiat currency regime, the top 500 investment managers with an estimated $140-150 trillion under management are clueless about money and credit. In 1919, Keynes wrote that “not one man in a million” is able to diagnose the destruction caused by debauching the currency. Plus ça change.
This is also true of the vast majority of precious metal dealers. If proof of this statement is needed, those who account for their dealings in gold and not in their fiat currencies are probably less in number than the fingers on your hand. In other words, they calculate their performance in credit, not money. Admittedly, they are made to do this for tax reasons by their debauching governments but none of them run parallel accounts in gold-grammes.
This is what ignorant investors see:
For them, gold and its PM cousin silver is losing them “money”. This is why sentiment is gloomy. But if they account in gold, they still have their gold and no credit risk. This is important, since without doubt credit risk is escalating. No chart tells you this, so technical analysis as commonly practiced is no guide, because all charts share the basic assumption of the clueless millions. All commodities, stocks, and bonds are always priced in national currencies, which are credit issued by government agents with their counterparty and hidden debauchment risk.
Note the following abbreviated list of problems which are undermining the fiat currency regime:
· For decades, Japan has been the major exporter of capital to other G7 nations. This is now reversing under “guidance” from her Finance Ministry.
· Acceptance of international trade settlement in Chinese yuan is accelerating, replacing the US dollar. China has all but told its banks to sell US Treasuries, saying they are too risky.
· Bond yields are now rising led by Japan and the US (chart below), springing debt traps and making bonds in these currencies effectively uninvestible.
· This appears to be less of a risk for euros because bond risk is spread among all EU nations. But with Germany’s economy contracting and both France and Italy facing debt traps, this security is illusory.
· UK sterling faces a change of prime minister who promises to increase welfare spending. The UK’s tax burden is already showing signs of being unsustainable.
Meanwhile, oil exports from the Middle East are badly disrupted, which are bound to lead to higher prices for derivatives. The premium of derived components over the price of a barrel of sour crude is already about 70%. This disruption will not end soon, even if peace between the US and Iran is agreed tomorrow. Private sectors face credit deflation with bank loan and corporate bond risks increasing, while governments are committed to prevent a business slump by expanding currency-credit to support businesses and financial markets.
The point being missed by Keynes’s millions is that the rates of debauchment in G7 currencies are about to gain new impetuous. Bond yields are at the point of breaking higher. The chart below shows how 10-year maturities are leading the way:
Meanwhile, open interest in gold and silver futures on Comex are at long-term lows. The chart below is that of gold:
Many central banks, led by China and Russia understand the risks to the dollar and other Western currencies and are accumulating physical gold both in their official reserves and off-balance-sheet. Russia has seen these currencies weaponised against it, and China sees US hegemony collapsing and the dollar with it, taking down all fiat currencies.
Yet, in the summer heat, Western investors slumber on
3. CHRIS POWELL AND HIS GATA DISPATCHES
Read between the lines of World Gold Council and FT reports
Submitted by admin on Thu, 2026-07-30 07:44 Section: Daily Dispatches
The real story here may be, first, that World Gold Council data is unreliable, and, second, that the Financial Times now can admit that China conceals much of its gold purchases.
* * *
Central Banks Slashed Their Gold Purchases in Early 2026
By Leslie Hook
Financial Times, London
Thursday, July 30, 2026
Central banks bought far less gold during the first quarter of this year than previously thought, suggesting that one of the biggest growth engines for bullion demand may be cooling.
A significant data revision has slashed the estimated level of central bank purchases from 244 tonnes in the first quarter to just 57 tonnes — the lowest first-quarter level in more than 15 years, according to a new report from the World Gold Council, an industry body
Central bank purchases have been one of the biggest drivers of the global gold market over the past four years and helped to propel the record-breaking bullion rally that peaked earlier this year.
However, it has become more difficult to measure their activity as their purchasing becomes more opaque, particularly that of big buyers such as China, which discloses only a portion of its purchases. …
… For the remainder of the report:
Hong Kong gold flows hit decade high in advance of new clearing system
Submitted by admin on Wed, 2026-07-29 10:42 Section: Daily Dispatches
By Yihui Xie
Bloomberg News
Tuesday, July 28, 2026
Hong Kong’s imports of gold surged to the most since late-2014 in June, driven by preparations for the city’s recently-launched clearing system as well as solid demand from mainland China.
Bullion inflows surged to more than 130 tons, according to the city’s customs authority. Net imports, which indicate how much of the precious metal is staying within Hong Kong, were at their highest since December 2023.
Hong Kong began trial operations earlier this month for a clearing mechanism aimed at boosting the city’s role in global trading and pricing of bullion. Ahead of that, banks had to build inventories of large gold bars to allow physical delivery into the system.
But part of the increase was also likely driven by appetite for bullion over the border in mainland China. …
… For the remainder of the report:
END
Mike Maharrey: Inflation is worse than CPI indicates, as you might have noticed
Submitted by admin on Tue, 2026-07-28 11:32 Section: Daily Dispatches
By Mike Maharrey
Money Metals Exchange, Eagle, Idaho
Tuesday, July 28, 2026
We all intuitively know that prices are rising faster than the Consumer Price Index indicates. We feel the pain every time we go to the grocery store or gas station. But just how much is price inflation impacting us here on Main Street?
I started pondering this question the other day when I ran across a graph tracking the price of a can of Campbell’s tomato soup since 1895.
You’ll notice an interesting phenomenon. The cost of a can of soup remained relatively stable until around 1973, when it suddenly started to climb more rapidly.
And what happened in the early 1970s? …
… For the remainder of the commentary:
END
Maharrey, Casey demolish Bessent’s assurance about Fort Knox gold
Submitted by admin on Fri, 2026-07-24 12:00 Section: Daily Dispatches
11:59a ET Friday, July 24, 2026
Dear Friend of GATA and Gold:
Mike Maharrey of Money Metals Exchange and International Man’s Doug Casey today demolish Treasury Secretary Scott Bessent’s recent assurance that everything is fine with the U.S. gold reserve at Fort Knox, despite the demands President Trump and adviser Elon Musk made for a full audit as the second Trump administration began.
Maharrey’s commentary is headlined “Looks Like We Don’t Need to Worry about that Fort Knox Gold Audit Anymore” and it’s posted at Money Metals here:
Casey’s commentary is headlined “Fort Knox, America’s $1 Trillion in Gold, and the Question No One Is Asking” and it’s posted at GoldSeek here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
4. ANDREW MAGUIRE/LIVE FROM THE VAULT:
5. COMMODITY REPORT/GOLD AGNICO EAGLE
AGNICO EAGLE REPORTS SECOND QUARTER 2026 RESULTS – RECORD QUARTERLY FREE CASH FLOW REFLECTS SOLID OPERATIONAL PERFORMANCE; RECORD QUARTERLY SHAREHOLDER RETURNS
TORONTO, July 29, 2026 /CNW/ — Agnico Eagle Mines Limited (NYSE: AEM) (TSX: AEM) (“Agnico Eagle” or the “Company”) today reported financial and operating results for the second quarter of 2026.
“Our high-quality portfolio delivered another strong quarter, with better-than-planned production and disciplined cost control driving strong margins and record quarterly free cash flow,” said Ammar Al-Joundi, President and Chief Executive Officer. “The strength of our business and our balanced capital allocation approach enabled us to reinvest in future growth, enhance our portfolio through the completion of the regional consolidation in Finland, further strengthen our balance sheet and return a record $625 million to our shareholders through dividends and share repurchases during the quarter. Continued progress across our growth projects, supported by positive exploration results, reinforces our confidence in our long-term outlook, while our strong financial position supports our commitment to creating long-term value and delivering strong returns to our shareholders.”
Second quarter 2026 highlights:
- Solid operating quarter driven by strong execution and cost control – Payable gold production1 was 855,816 ounces at production costs per ounce of $1,114, total cash costs per ounce2 of $1,054 and all-in sustaining costs (“AISC”) per ounce2 of $1,459. The strong operating performance was led by Detour Lake, Kittila and Fosterville
- Record quarterly free cash flow drives strong quarterly financial results – Solid production and disciplined cost control, combined with realized gold prices3 of $4,483 per ounce in the second quarter, resulted in record free cash flow. The Company reported quarterly net income of $1,600 million or $3.19 per share and adjusted net income4 of $1,541 million or $3.07 per share. The Company generated cash provided by operating activities of $2,144 million or $4.27 per share and free cash flow4 of $1,335 million or $2.66 per share
- Financial strength and flexibility further enhanced – The Company increased its cash balance by $352 million to $3,464 million as at June 30, 2026, resulting in a net cash5 position of $3,267 million with total debt outstanding of $197 million as at June 30, 2026. Reflecting its strong financial profile, Fitch Ratings upgraded the Company’s long-term issuer default rating from BBB+ to A‑ in April 2026
- Annual gold production remains at lower end of guidance range; total cash costs and AISC annual guidance reiterated – Expected payable gold production for the full year 2026 remains near the lower end of the guided range of 3.3 to 3.5 million ounces, reflecting the preliminary redesign of the Barnat open pit at Canadian Malartic that contemplates reduced production following the rock mass movement reported on July 2, 2026. Full year total cash costs per ounce and AISC per ounce guidance for 2026 remains unchanged at $1,020 to $1,120 and $1,400 to $1,550, respectively. Total capital expenditures for 2026 (excluding capitalized exploration) are now expected to be between $2.6 billion and $2.8 billion, compared with previous guidance of $2.2 billion to $2.4 billion, reflecting the approval of construction activities at Hope Bay announced on May 19, 2026. Capitalized exploration guidance for 2026 remains unchanged at $290 million to $330 million. Further details are set out in the 2026 Guidance Summary section below
- Record quarterly shareholder returns – The Company returned a total of $625 million to shareholders during the second quarter of 2026, including the declaration of a quarterly dividend of $0.45 per share and the repurchase of 2,235,947 common shares under the Company’s normal course issuer bid (“NCIB”). Share repurchases were completed at an average price of $178.86 per share for an aggregate cost of $400 million. In May 2026, the Company renewed the NCIB for another year on substantially the same terms, however it increased its internal limit on purchases of common shares to $2 billion
- Reconciliation Action Plan Progress Report published – In June 2026, the Company published its first progress report on the Reconciliation Action Plan that was released in 2024, covering progress in 2024 and 2025 and reinforcing the Company’s commitment to transparency, accountability and meaningful reconciliation with Indigenous Peoples across its operations
- Update on key value drivers and pipeline projects in the second quarter of 2026
- Canadian Malartic – The first phase of shaft sinking at Odyssey underground was completed in July 2026, reaching a depth of 1,586 metres. Activities will transition to the headframe change over and completion of the first loading station, which remains on schedule, to support first production through Shaft #1 in the second quarter of 2027. Ramp development advanced to a depth of 1,190 metres during the quarter and is expected to reach planned shaft bottom at 1,870 metres in 2030, enabling a second phase of sinking Shaft #1 from 2029 to 2031. Exploration drilling continued to yield positive results in multiple areas of the Odyssey mine, including 5.1 grams per tonne (“g/t”) gold over 14.3 metres at 916 metres depth in the upper eastern portion of the East Gouldie deposit and 13.7 g/t gold over 14.6 metres (core length) at 1,078 metres depth in the newly defined Artemis zone in the internal zones of the Odyssey deposit
- Detour Lake – Development activities for the underground project continued, with the exploration ramp reaching a depth of 180 metres and the overburden removal for the conveyor‑ramp portal advancing. High-intensity drilling from surface near the exploration ramp in the West Pit zone continued in the second quarter with a highlight intercept of 2.5 g/t gold over 62.3 metres at 275 metres depth, including 15.2 g/t gold over 5.9 metres at 264 metres depth. Drilling into the West Extension zone had highlights of 13.5 g/t gold over 2.5 metres at 564 metres depth, approximately 1.0 kilometre west of the resource-pit outline, and 20.8 g/t gold over 4.8 metres at 836 metres depth, approximately 2.3 kilometres west of the resource-pit outline
- Upper Beaver – Development of the exploration ramp and shaft continued to advance, reaching depths of 165 metres and 478 metres, respectively. During the quarter, the Company continued a high‑intensity drilling program targeting a portion of the Upper Beaver deposit between approximately 500 and 600 metres depth
- Hope Bay – On May 19, 2026, the Company announced a positive investment decision for the Hope Bay project, supported by a study envisioning annual gold production of 400,000 to 435,000 ounces over an initial 11-year mine life and demonstrating strong economics6. Construction activities to support project redevelopment continued through the quarter, including the upgrade of surface infrastructure and development of exploration ramps at Naartok East and at Patch 7. Planning and procurement activities also progressed as scheduled in preparation for the upcoming sealift season. Conversion and exploration drilling at Patch 7 at the Madrid deposit during the second quarter had highlights of 18.5 g/t gold over 11.3 metres at 328 metres depth, 13.7 g/t gold over 15.4 metres at 609 metres depth and 15.2 g/t gold over 15.6 metres at 710 metres depth. At the Boston deposit, the Company started its first exploration drilling program since acquiring Hope Bay in 2021, with approximately 6,500 metres expected to be drilled by year-end
- San Nicolás – Minas de San Nicolás received the land use change (ETJ) and the environmental impact assessment (MIA-R) permits in July 2026, marking a milestone for the responsible development of the San Nicolás Project, and will now advance the additional permits, authorization and licenses required
- END
5 COMMODITY REPORT FOR TODAY: WHEAT…
Wheat Prices March Higher As Intensifying Black Sea Fighting Fuels Food Security Fears
Friday, Jul 31, 2026 – 06:55 AM
Wheat futures are climbing after Ukraine’s Black Sea ports came under renewed Russian fire, with three dry-cargo ships struck in recent days.
The attacks threaten grain exports from one of the world’s most important agricultural regions, heightening concerns among UN officials that supply disruptions could reignite global food inflation.
Bloomberg reports:
A ship was damaged at Pivdennyi port and two more were hit near Odesa, according to a Defense Ministry post on Telegram. Earlier Thursday, Ukraine attacked the Russian Black Sea port of Taman, a key gateway for grain shipments, while Russia hit vessels in and around Ukraine’s Black Sea ports.
Black Sea Turmoil
Earlier this week, UN Under-Secretary-General for Political Affairs Kayoko Goto warned the UN Security Council that the Russian strikes on Black Sea ports and merchant vessels pose a serious risk to global food supplies.
“The consequences of this latest escalation are already visible in global agricultural markets,” Goto explained.
She warned, “Further disruptions in the Black Sea and the Sea of Azov, as well as in other critical areas, could drive up freight, insurance, food and energy costs, with grave consequences for vulnerable and import-dependent developing countries.”
Wheat futures rose as much as 3.9% on Thursday.
Last week, Bloomberg Agriculture Spot Index (BCOMAGSP) climbed to a three-year high on conflict fears across the Gulf area and worsening Black Sea conditions. Read note here.
The UN’s Global Food Index has trended higher over the last 2.5 years.
Bank of America: The Timing Of The Next Grocery Inflation Surge Revealed By BofA
.
YOUR EARLY CURRENCY VALUES/GOLD AND SILVER PRICING/ASIAN AND EUROPEAN BOURSE MOVEMENTS/AND INTEREST RATE SETTINGS FRIDAY MORNING.7:30 AM
SHANGHAI CLOSED DOWN 23.78 PTS OR 0.62%
HANG SENG CLOSED UP 38.08 PTS OR 0.15%
Nikkei CLOSED UP 431.81 PTS OR 0.70%
//Australia’s all ordinaries CLOSED DOWN 0.14%
//Chinese yuan (ONSHORE) CLOSED UP TO 6.7581
/ OFFSHORE CLOSED UP AT 6.7564 Oil UP TO 85.46 dollars per barrel for WTI and BRENT UP TO 92.45 Stocks in Europe OPENED ALL MOSTLY GREEN
ONSHORE USA/ YUAN// WITH YUAN TRADING UP (6.7581 OFFSHORE YUAN TRADING UP TO 6.7564)ONSHORE YUAN TRADING BELOW 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 6.7581
OFFSHORE YUAN: UP TO 6.7564
1.HANG SANG CLOSED UP 38.08 PTS OR 0.15%
2. Nikkei closed UP 431.81 PTS OR 0.70%
WEST TEXAS INTERMEDIATE OIL UP TO 85.46
BRENT; 92.45
3. Europe stocks SO FAR: ALL MOSTLY GREEN
USA dollar INDEX UP TO 100.91// EURO FALLS TO 1.1435 DOWN 27 BASIS PTS
3b Japan 10 YR bond yield:RISES TO. +2.805 UP 5 FULL BASIS PTS/ VERY TROUBLESOME//Japan buying 100% of bond issuance)/Japanese YEN vs USA CROSS NOW AT 163.700… 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: 3.978 UP 5 FULL 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 (6.7581) AND OFFSHORE: UP AT 6.7564
3f Japan is to buy INFINITE TRILLION YEN worth of BONDS. Japan’s GDP equals 5 trillion USA. CENTRAL BANK OF JAPAN WILL NO LONGER DO QE.
Japan to buy 100% of all new Japanese debt and NOW they will have OVER 50% of all Japanese debt. GOVERMENT ASKED JAPAN PENSION FUNDS AND INSURANCE FUNDS TO BUY MORE JAPANESE BONDS AND REPATRIATE ALL FOREIGN BONDS.
3g Oil UP for WTI and UP this morning
3h European bond buying continues to push yields HIGHER on all fronts in the EU German 10yr bund YIELD UPTO +3.1738/ Italian 10 Yr bond yield UP AT 4.0216/ SPAIN 10 YR BOND YIELD UP TO 3.635%
3i Greek 10 year bond yield UP TO 3.861%
3j Gold at $4043.85//Silver at: 57.09 1 am est) SILVER NEXT RESISTANCE LEVEL AT $100.00
3k USA vs Russian rouble;// Russian rouble DOWN 0 AND 46/ 100 roubles/79.11
3m oil (WTI) into the 85 dollar handle for WTI and 92 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 163.70 // 10 YEAR YIELD AFTER FIRST BREAKING .54% LAST YEAR NOW EXCEEDS THAT LEVEL TO 2.805% UP 5 BASIS PTS STILL ON CENTRAL BANK (JAPAN) INTERVENTION//YEN CARRY TRADE NOW UNWINDING//YEN BOND TRADING OVERSEAS TO BE REPATRIATED.//JAPAN 30 YR: 3.978 UP 5 PTS..: USA/SF this 0.8169 as the Swiss Franc . Euro vs SF: 0.9344
USA 10 YR BOND YIELD: 4.669 UP 8 BASIS PTS…
USA 30 YR BOND YIELD: 5.228 UP 9 BASIS PTS/
USA 2 YR BOND YIELD: 4.285 UP 5 BASIS PTS
USA DOLLAR VS TURKISH LIRA: 47.42 UP 2 BASIS PTS/LIRA GETTING KILLED//IDIOTS FOR SELLING GOLD AND USA DOLLAR RESERVES.
10 YR UK BOND YIELD: 5.0420 UP 5 PTS
30 YR UK BOND YIELD: 5.751 UP 5 BASIS PTS
10 YR CANADA BOND YIELD: 3.597 UP 7 BASIS PTS
5 YR CANADA BOND YIELD: 3.205 UP 4 BASIS PTS.
1b European opening report
1c) Asian opening report
NORTH AND SOUTH KOREA AND JAPAN
JAPAN
US Treasury Informed Banks It May Intervene In Japan’s Yen, As Market Laughs At BOJ’s Own Attempts To Prop Up Currency
by Tyler Durden
Friday, Jul 31, 2026 – 02:00 PM
While the BOJ understandably refuses to admit it spent a record $140BN (across all markets, $90BN on EBS) to briefly manipulate the Japanese yen higher…
… ahead of yet another disappointing (non-rate hike) decision (according to some calculations, Japan’s central bank is about 100 bps of rate hikes behind to stop the ongoing collapse of the yen), others are less shy.
According to Reuters, similar to the last failed intervention by Japan and citing “a source familiar with the matter”, the US Treasury informed a number of banks that it may intervene in the Japanese yen market on Friday and that they should “stand ready for future action.”
The notice to banks, channeled through the Federal Reserve Bank of New York, comes a day after Japanese authorities stepped in to prop up the yen, setting the currency up for its biggest weekly rise since February, pulling it off of four-decade lows against the dollar (although the yen has since erased much of its gains).
News of the potential intervention by the U.S. Treasury helped push the yen higher against the dollar on Friday. It last traded at 159.22 to the dollar after trading as low 163.65 on Thursday. As shown below, the past 48 hours have seen no less than 5 distinct intervention attempts by the BOJ and/or the US Treasury to push the yen higher.
The method of potential Treasury intervention was not immediately clear. The Federal Reserve has maintained a dollar liquidity swap line with the Bank of Japan and four other major central banks since 2013.
Japan’s top currency diplomat Atsushi Mimura in Tokyo Friday declined to comment on intervention but hinted at U.S. involvement in the effort to stem the yen’s decline, including so-called “rate checks” — requests to dealers for indicative dollar/yen quotes that are considered a precursor to interventions.
Mimura added that the U.S. support “goes beyond psychological support.”
The Reuters report of Treasury’s notice to banks of potential intervention “fits in with the view in the market that the New York Fed has been carrying rate checks, so it’s adding to the nervousness of market participants that there could be further intervention,” said Lee Hardman, currency strategist at MUFG in London. “It definitely helps support the idea that there is intervention risk on the table.”
US Treasury Secretary Bessent said in a post on X that the Treasury maintains “a strong relationship and close coordination” with Japanese authorities, but did not confirm the intervention preparations.
He said he looked forward to meeting with Bank of Japan Governor Kazuo Ueda at the U.S.-hosted G20 finance ministers and central bank governors meeting in Asheville, North Carolina, at the end of August.
“Japan’s economy continues to perform well under Prime Minister Takaichi, Governor Ueda and the Bank of Japan Board, which has demonstrated a strong commitment to monetary and financial stability,”
On Thursday, Bessent told Fox Business Network that the yen “seems very undervalued to me” and that Japanese Prime Minister Sanae Takaichi was enacting “strong policies” that would help Japan’s economic fundamentals. Bessent added that “we think excess volatility in the yen isn’t healthy” and that the yen has “substantially overshot what would be called an equilibrium price.”
The last time that the US Treasury intervened directly to prop up Japan’s yen was in 2011 as part of a coordinated action by G7 countries to stabilize the currency following the devastating earthquake and tsunami rocked Japan.
The Treasury last fall intervened to prop up Argentina’s peso market ahead of parliamentary elections and provided President Javier Milei’s government with a $20 billion currency swap line to help stabilize the currency and Argentina’s dollar bonds. The aid to Argentina relied partly on the Exchange Stabilization Fund, which had total assets of about $217 billion as of June 30.
4. EUROPEAN AND SCANDINAVIAN COMMENTARIES PLUS NATO
UK
SPAIN
Spain’s Border Invasion Is An Optics Disaster For Open-Border Democrats
Friday, Jul 31, 2026 – 11:25 AM
The average American has learned about the far-left movement, or more particularly, reformist socialists, otherwise known as the Democratic Socialists of America, in recent months. The DSA says in its own words that its platform is about collapsing America from within. To accomplish that, they must push open borders and flood the nation with millions more illegal aliens, similar to what the Biden-Harris regime of globalists did, among many other nation-killing policies.
The only problem for the DSA is that, after weeks of heightened news coverage in the corporate media about its sinister plan, the news cycle has turned against it. Tens of millions, if not hundreds of millions, of people across the West have just witnessed the border invasion of 50,000 military-aged men into the Spanish enclave of Ceuta at a time when the socialist regime controlling Spain has adopted what some call “suicidal empathy” and welcomed illegals into the country by the millions on a red carpet.
In the minds of millions across the West, one political association is becoming increasingly easy to see among the average voter: mass migration from the third world is now seen as a direct consequence of electing socialist governments. Spain has become the latest case study, with the country’s socialist-led government planning to grant amnesty to at least one million illegal migrants.
We wrote earlier that President Trump and the GOP would connect the dots for American voters through a media campaign, warning that electing socialists could trigger another U.S. border invasion. The chaos in Ceuta now provides powerful imagery of what Trump argues could happen if the DSA seized more power.
Trump said Friday morning: “It’s terrible. Remember that picture. That’s going to be us in three years if the wrong side gets in… If the Democrats get in, you will not live a very good life.”
Readers should remember that the DSA is a reform-socialist organization. That distinction matters because reform socialists seek to destroy and dismantle the nation and capitalism – and reconstruct the political and economic system along socialist lines.
Second, the DSA has openly promoted an agenda that would collapse border enforcement and facilitate another invasion of illegals numbering in the millions. The economic consequences of the Biden-era migration surge are already visible, particularly in housing. Dallas Fed research estimated that unauthorized immigration accounted for roughly 30% of U.S. home price growth and about 20% of rent increases between 2021 and 2024.
All in all, the Ceuta invasion is strengthening the political case for secure borders across the West – already being spoken about by right-wing EU officials today – while creating an optically devastating moment for socialist parties and the open-border left across the West.
END
SPAIN/ITALY
Italy Suspends Schengen Travel Agreement With Spain After Horrifying Ceuta Invasion
Friday, Jul 31, 2026 – 01:36 PM
Summary:
- Italy Suspends Schengen Agreement With Spain Over Ceuta Invasion
- Europe’s Right-Wing Blasts Spanish Socialists For Border Failure
- Riots erupted in Ceuta as Illegals Clashed with Security Forces
- Mass Migration Invasion Of Military-Aged Males From Morocco Invades Spanish Enclave
- “Looks Like World War Z!”: Spain’s Ceuta Invaded By Thousands Of Military-Aged Male Illegals
Italy Suspends Schengen Agreement With Spain Over Ceuta Invasion
After Italy’s government and top French conservative politicians demanded the suspension of Schengen arrangements with Spain following the invasion of 50,000 military-aged illegal aliens in the Spanish enclave of Ceuta, Euronews reporter Gabriele Barbati reported that Italy’s Interior Ministry had suspended Schengen free-movement rules with Spain and ordered the closure of air and maritime borders between the two countries, citing national security concerns.
GB News reports:
The measure was announced by Prime Minister Giorgia Meloni and Deputy Prime Ministers Antonio Tajani and Matteo Salvini, and was formally approved earlier today after an Interior Ministry review of migration and border-security risks.
Meloni writes on X:
The Government has decided to temporarily suspend the free movement regime provided for by Schengen in maritime and air connections with Spain, reintroducing border controls. This is an extraordinary measure, adopted to safeguard national security and prevent possible repercussions for our Nation. The measure will be kept in force only for the time necessary, with particular attention to limiting any impact on summer tourist flows. In parallel, Italy is ready to support every European initiative to assist Spanish institutions as needed to restore full control of the Union’s external borders and to address the ongoing situation with determination. Defending borders means defending the safety of citizens, combating irregular immigration, and striking at the criminal networks that traffic human beings.
Tajani writes on X:
The temporary suspension of #Schengen with Spain is a necessary choice to safeguard the security of our citizens and defend the European borders. A measure provided for by the treaties and made unavoidable today. The migrant crisis in #Ceuta reminds us that the management of the Union’s borders is a shared responsibility among our countries, one toward the other. We must work together to prevent uncontrolled migrant flows from entering EU territory, with all the consequent risks and the threat of terrorism, which must be countered without hesitation.
The Schengen Agreement allows people to travel between participating European countries without routine passport or immigration checks at internal borders.
Suspending Schengen arrangements could weaken the European Union by disrupting trade and travel. Restoring borders and ramping up border security would be a major setback for socialists and the far left in Europe, who have been hellbent on a decade or more of mass migration.
If temporary border controls become more permanent or spread across the bloc, they could undermine one of the EU’s defining achievements: the free movement of people and goods.
“The world begins to isolate Spain,” X user Agustín Antonetti wrote earlier.
Spain’s socialist-led government has pursued mass migration policies while advancing a mass-amnesty program that could legalize as many as one million illegals.
Against that backdrop, the Trump administration has increasingly aligned itself with nationalist, anti-socialist, and pro-American political movements across the West and, more recently, across the Americas.
The Ceuta crisis serves as yet another case study for those warning about mass migration policies that threaten national sovereignty, internal security, and political stability.
Related:
Invasion: 50,000 Illegals Invade Spanish Enclave In 24 Hours, Chaos Unfolds
New figures from Spain’s Department of National Security indicate that 49,000 people illegally entered the Spanish enclave of Ceuta within 24 hours, according to Reuters.
For context, Ceuta has only about 84,000 residents, meaning the invasion is equivalent to nearly 60% of its population.
The invasion of tens of thousands, in what only appears to be large numbers of military-aged men traveling without food, shelter, baggage, or money, is difficult to explain as spontaneous migration alone.
At minimum, it suggests organized and deliberate, with high amounts of coordination on the Moroccan side.
The immediate effect is to overwhelm Ceuta’s border security, law enforcement, housing, and humanitarian capacity. If state-enabled, the operation would fit what can only be described as hybrid or asymmetric warfare: weaponizing migration and civilian populations to impose political pressure while preserving plausible deniability.
Earlier this year, Spain’s socialist Prime Minister Pedro Sánchez dismissed criticism from Elon Musk and others over his open border globalist policies. His government subsequently granted amnesty to illegal aliens, with Sánchez declaring: “Spain is a welcoming country, and this is the path we choose.”
The invasion of military-aged Moroccan men that is overwhelming local security and humanitarian services will intensify criticism of Sánchez’s unhinged left-wing immigration policies and raise concerns about national security. This will strengthen support among common-sense right-wing politicians across Europe who have been pushing for closed borders.
“In the face of the massive and coordinated influx of migrants into Spain — encouraged by the Spanish government — France must immediately strengthen its border controls,” Marine Le Pen of France’s right-wing National Rally wrote on X.
Italy’s right-wing Prime Minister Giorgia Meloni said her country was prepared “to intervene with extraordinary measures to defend the borders and the safety of citizens, including the suspension of the Schengen Area with Spain.”
“The images coming from Ceuta show how the Madrid Government’s decision to grant Spanish, and therefore European, citizenship to over 500,000 irregular immigrants is profoundly wrong and encourages human trafficking,” Italy’s Foreign Minister Antonio Tajani wrote.
The emerging news cycle across the West could very well frame the crisis as a predictable result of the socialists’ “suicidal empathy” and nation-killing open border policies. The footage alone could sway undecided voters regarding the consequences of open borders. In the US, Trump and the GOP will almost certainly use the footage against the Democratic Socialists of America and the broader far-left movement, portraying their immigration agenda as an effort to dismantle national borders and linking it directly to the policies pursued under the Biden-Harris regime.
“Looks Like World War Z!”: Spain’s Ceuta Invaded By Thousands Of Military-Aged Male Illegals
Shocking footage circulating on X shows thousands of migrants breaching Spain’s border into its North African enclave of Ceuta from Morocco on Thursday, overwhelming local police and exposing a serious national security failure.
The invasion comes shortly after Prime Minister Pedro Sánchez’s Socialist-led government signed up 1 million illegal aliens to legalize their status under a new program to bring them into the workforce. However, the program applied only to migrants already living in Spain before Jan. 1, meaning Thursday’s arrivals are ineligible.
Sánchez has defended his government’s mass amnesty for illegals by claiming Spain’s GDP would crater by 20% by 2050 without continued immigration.
Sánchez said Spain would lose 19% of its GDP by 2050 – and 22% by 2075 – if migration were sharply reduced, presenting immigration as essential to the country’s long-term economic growth.
Today’s invasion has prompted us to examine whether left-wing NGOs coordinated with or received support from elements of the Spanish government.
No public evidence has established such coordination, making this an outstanding question at the moment.
Footage:
Musk chimed in:
In the US, Democratic Socialists of America politicians have unveiled a plan to collapse the nation’s borders, similar to what was done under the Biden-Harris regime era, increase sanctuary protections, and grant mass amnesty to all illegals. These policies are nation-killing, as the Federal Reserve Bank of Dallas said that housing prices and rents soared when the Biden regime allowed millions of illegals to flood the nation.
The most observable threat is that this is a “war on the West” waged by globalists and pushed by the left wing to destroy borders across the Western world. These illegals become voting blocs that displace native-born workers, essentially stealing political power – and the establishment Democratic Party is now learning that the hard way.
All in all, the left wing says they’re upholding democracy, yet no sane person voted for this invasion by the tens of millions across the West, which was forced down the throats of citizens.
5.RUSSIAN AND MIDDLE EASTERN AFFAIRS
ISRAEL/.USA/IRAN UPDATES//THURSDAY EVENING
ISRAEL USA/IRAN UPDATES/FRIDAY MORNING
Trump Eschews Talks With ‘Dishonest’ Iran, Says Will Keep ‘Hitting Them Very Hard’
Friday, Jul 31, 2026 – 12:39 PM
Summary
- Trump proclaims US strikes on Iran are succeeding and will continue.
- US adds sanctions, Bessent says Tehran can’t pay troops, as Iran faces growing pressure.
- Most Americans say the Iran war isn’t worth fighting: AP poll.
- Iran claims drone strike on US base in Kuwait – after no new US strikes overnight.
- Oil rises as fears of wider conflict grow and lack of talks.
* * *
Keep Hitting Them: Trump
Trump is holding a Cabinet meeting on Friday at Camp David. He claimed that the fight against Iran is “going well” and stated that American forces are “hitting them very hard” – adding that “eventually” Iran will have no choice but to “come home” – meaning full surrender.
“It’s going well. Everything we can do is keep winning,” Trump also told Fox News. “But we are hitting them hard, shaking them up, and we’re just continuing to win.” He suggested there will still be strikes ongoing in coming weeks, and that he’s losing faith in the idea of talks with “dishonest” Iran “because they lie”.
Additionally, Trump’s Treasury Secretary Scott Bessent is claiming that Iran is unable to pay its troops – though without offering specific evidence to back this, and that the US continues searching for Iranian assets to seize “all around the world”. This is after Thursday Washington rolled out yet more sanctions.
In the meantime, the American public continues souring on the Iran war, which has predictably turned into yet another quagmire in the Middle East. Per a new Associated Press poll:
Most Americans say the war in Iran has not been worth fighting, and President Donald Trump’s approval rating on Iran has fallen slightly since last month, according to a new AP-NORC poll.
The results are a stark repudiation of the Republican president’s approach to the conflict, which has dragged on far longer than he originally predicted.
About two-thirds of U.S. adults say the war with Iran, which began Feb. 28, has not been worthwhile, according to the new poll from The Associated Press-NORC Center for Public Affairs Research. That includes the vast majority of Democrats and independents, as well as about 37% of Republicans.
Iran Boasts it Hit Kuwait Base
“We note with concern that the security situation remains precarious,” said Pakistani Foreign Ministry spokesperson Tahir Andrabi on his country’s mediation efforts to find peace between the US and Iran. Talks “are ongoing to normalize the situation, particularly the situation in the Strait of Hormuz,” he told reporters as a week full of renewed fighting as come to a close. But there essentially are no current talks, and US officials have indicated they are not even seeking them.
Early Thursday had seen the last major exchanges of tit-for-tat attacks, followed by a window of relative quiet into Friday – but the Iranian military has said it newly targeted strategic US military facilities at Kuwait’s Ahmad Al-Jaber airbase in a drone attack. This was cast as ‘retaliation’ for US attacks of the day prior which focused on Qeshm island. Several Iranian troops had been killed in the prior assault, and separately a family was slain when their home was reportedly hit.
Semiofficial Tasnim news agency said the armed forces had targeted hangars, satellite communication systems and equipment warehouses using drones – based on the military statement.
No New US Strikes Overnight
“Iranian state media reported the strike on Ahmed Al Jaber Air Base early Friday, but Kuwaiti officials and the Pentagon have yet to comment,” Newsnation summarizes, adding of the current standstill in fighting, “Notably, Iranian media did not report any American strikes hitting targets inside Iran overnight, a change from Wednesday, when the U.S. carried out what officials called a heavy wave of strikes against Iranian positions.”
The day prior saw the Iranians heavily target an American outpost in Jordan. Iran believes the US is amassing equipment there in preparation for further rounds of attacks. As for the Friday targeting of Kuwait: “Iran cited a U.S. strike that killed a mother, father and their 2-year-old child in a home on Qeshm Island as part of its justification for the reported Kuwait attack.”
‘Horizontal Escalation’
On the question of where the crisis goes from here, a Tehran-based researcher at the Center for Strategic Studies, Ali Akbar Dareini, gave Al Jazeera some interesting insight into Tehran’s likely thinking:
He said Iran is likely trying to preempt any future attacks by the US in its current targeting in the region. Iran does not want to “allow the US to decide when to start the war, when to pause temporarily and when to restart the war”, he added. “Iran is now targeting the staging grounds of future operations.”
Dareini explained that while Washington has been pursuing “vertical escalation” by ramping up military attacks against Iran, Tehran has sought “horizontal escalation” by expanding the conflict’s “geographical scope”.
“Iran wants a complete, permanent end to war, or it’s going to be a wide-scale regional war,” he said.
As for the latest on potential US-Israeli plans to escalate against the Islamic Republic…
In the Strait of Hormuz, Iran’s Revolutionary Guards (IRGC) has claimed its forces struck a pair of tankers attempting to pass though the narrow waterway under the “air escort” of the US military.
The IRGC asserted that the “non-compliant oil tankers… were struck and brought to a halt, while four other oil tankers quickly changed course and returned to their previous positions.” Meanwhile, two headlines that don’t line up:
- US President Trump says the Iran war is going well; US is hitting Iran hard and “we just keep winning” (Fox)
- The Persian Gulf Waterway Management Authority announces that traffic through the Strait of Hormuz is not possible due to the continued aggressive actions of the US
Oil Climbs with No Offramp on Horizon
Still, despite of a lack of intense tit-for-tat so far on Friday, oil is rebounding significantly as there are no signs of offramp and the two sides aren’t talking – but instead preparing for more rounds in the fight…
But this Friday’s somewhat ‘quiet’ state of things could likely dramatically shift at any moment, as has been the pattern this summer. The aforementioned Tehran-based analyst Dareini describes a serious change and overhaul in Iranian leaders’ strategic thinking, which has gone from defensive to proactive, with an understanding of the need to inflict pain on the US side in a preemptive way.
“Iranians are tired from suffering from limited US attacks,” Dareini said, charging that the US uses its declared pauses as a “deception tactic” merely in preparation for future attacks and operations.
“There has been a profound change in Iran’s strategic thinking,” he added. “The era of restraint is over. Iran has decided that, if needed, it has to take preemptive military action against the US.”
END
ISRAEL TBN
END
Lasting peace, security’: BoP reaches ‘historic’ Hamas disarmament deal, Trump announces
Board of Peace, White House officials to ‘Post’: Hamas, Palestinian factions agreed to deal’s framework, implementation • ‘Israel skeptical, but not much they can do except see it happen’
US President Donald Trump looks on on the day he makes an announcement on Freedom Haulers, an initiative to open pathways for military veterans to become commercial truck drivers, during an event at the White House in Washington, DC, US, July 30, 2026.(photo credit: Kylie Cooper/Reuters)ByMIRIAM SELA-EITAM, IDAN KWELLERJULY 31, 2026 01:40Updated: JULY 31, 2026 14:34
The Board of Peace reached an agreement for the complete disarmament of Hamas and all other armed groups in Gaza, US President Donald Trump announced on Thursday night in a post to Truth Social.
“Today, the Board of Peace reached a HISTORIC agreement for the COMPLETE DISARMAMENT of Hamas and all other armed groups in Gaza. This is a monumental step toward lasting PEACE and SECURITY,” Trump wrote.
He added that the agreement marks a “critical step towards Gaza finally being governed by a new Palestinian government that will work closely with the Board of Peace to help the Palestinian people.”
“At the same time, Israel will have the security it deserves, with Gaza no longer used as a base for terror attacks.”What is Trump’s Board of Peace?›Who will govern Gaza under the new deal?›What guarantee does the agreement offer to Israel?›What historic agreement was just announced for Gaza?›
According to Trump, the agreement will be carried out in “carefully structured phases.”
As Hamas disarms, Trump said in his post, the IDF will withdraw from the Gaza Strip and International Stabilization Force (ISF) will begin to work with “a new Palestinian police force to take responsibility for Gaza being safe for its residents and its neighbors.”
Trump thanked Egypt, Qatar, and Turkey and his “outstanding team” for their efforts as mediators.
“The threat that emerged from Gaza on October 7 will NOT be allowed to rebuild!” Trump wrote. “Under this agreement, Gaza will finally be in the hands of a new Palestinian government that serves its PEOPLE.”
Hamas, Palestinian factions agree to entire outline for first time
Senior White House Board of Peace officials told The Jerusalem Post that “Hamas had a lot of concerns. It took months of delicate negotiations to bring us to this breakthrough and we will move in the coming weeks to advance its implementation.”
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“We spoke with [Prime Minister Benjamin] Netanyahu,” the officials went on. “We wanted to cut off the transfer of funds directly to Hamas.”
The officials added that “there was intensive planning every day to create a successful Gaza, we raised funds, soldiers for the international stabilization force, we trained local Palestinian forces to take the reins from Hamas.”
“This is an amazing historic step, with the aim that all the tunnels will be eliminated, the weapons will be collected and we will be engaged in building houses and apartments and not terrorism against Israel.”
“We worked with Israel the whole time, they are skeptical that Hamas will disarm, but not much they can do except see it happen, Israel signed, Hamas signed, there is a commitment here,” senior officials told the Post. “This is a historic breakthrough.
“We started with the 20-point plan,” they said. “We moved to complex negotiations and we heard from day one about the absolute lack of trust. So we built it on a foundation of zero trust alongside verification and assurance.”
“For the first time, Hamas and the Palestinian factions agreed to accept the entire outline and the path to implementing it,” a Board of Peace official told the Post.
No gray area was left, White House and Board of Peace officials told the Post. “It will take time to implement, the National Committee for Gaza will receive a complete monopoly on the weapons in Gaza.”
“Heavy weapons and the tunnels, the handling of which will be entrusted to the International Stabilization Force, and the personal weapons in Gaza, will be handled under Palestinian law.”
Weapons from the current Hamas police force will be transferred to the National Committee for the Administration of Gaza (NCAG), officials added, which will “recruit a new police force that will use weapons, and will filter who will be accepted into it and who will not.”
“The Sharm el-Sheikh Protocol determines what Israel must do, and there is also a commitment from Hamas and the Palestinian factions that they must stop any military or terrorist activity,” officials told the Post. “After the approval of the roadmap, we expect to begin implementation of the deal with a two-week period for organizing everything.”
Further, the officials noted that the deal also includes a “peace agreement between all of the factions in Gaza in order to protect the Gazans from internal violence.”
“The ISF will have the following roles: to dismantle the heavy weapons and tunnels, train the local police and replace Israel when it withdraws,” officials added.
“One of the important things for Israel is that it will not withdraw as long as there is a Hamas threat, Israel’s withdrawal will occur according to a schedule to be determined later.”
“We are not asking Israel for anything right now except for its agreement to Trump’s original plan that brought the hostages home, Trump’s 20-point plan,” the officials said.
“We’ll continue to hear Israel’s concerns, hear Hamas’s concerns, and try to adjudicate them,” officials added. “We’re trying to make everything conditions-based and verified.”
Hostage families and bereaved families activist group condemns the deal, calling it a ‘betrayal’
The October Council, a forum of hostages’ families and bereaved families, issued a statement condemning the deal on Friday. “The same government that thought Hamas was an asset and that the best way to protect Israel’s citizens was a false calm that exploded in all our faces is once again abandoning our lives to the convenience-seekers,” the organization said in a post on social media.
“An agreement with Hamas, brokered by Qatar, is a betrayal of Israel’s citizens, no less,” the group added.
“Just as the Israeli government doesn’t want to investigate the massacre so that its own responsibility won’t be exposed, it continues to hide the truth from Israel’s citizens. In the upcoming elections, we will all vote for a state commission of inquiry and put an end to the recklessness, the cover-ups, and the whitewashing of the truth.”
Full implementation of deal expected within 200 to 300 days, officials say
When asked about the timeline for implementation, the officials said that “We will do it right, as quickly as possible. It is complex. “In the coming weeks we will summarize the details and hope to see the process carried out in the next month or two.”
Full implementation of the deal is expected within 200 to 300 days, according to the officials.
“Everything depends on completing things step by step; no stage will begin before the previous one is finished,” they said.
The officials said that Iran would not have wanted Hamas not to enter the agreement, “but Hamas understood that it needed to do what’s good for it. Everything Khamenei has touched in the Middle East has turned into a disaster for the people living there.”
Officials added that the ISF will continue to operate under the Board of Peace.
Regarding the Palestinian Authority, officials noted that while there is consultation and coordination with the PA, it “need[s] to carry out reforms before we consider integrating them. But we are trying to bring about something new, we’re talking with them, coordinating, learning.”
“We consulted with all the countries of the region, Jordan, Saudi Arabia, Qatar, the Emirates, and others,” officials said. “They all helped us, from their perspective, understand the Gaza issue, and the entire implementation of this agreement is a regional effort.”
The officials said that mediators on Thursday had passed along a message that Hamas had agreed to the roadmap of the deal, including Clause 8, which discusses disarmament.
Israel demands full Hamas disarmament as withdrawal condition
Earlier on Thursday, a diplomatic source told the Post that Israel had demanded the complete disarmament of Hamas, including the removal of weapons from Gaza and the full demilitarization of the Gaza Strip, as a precondition for any withdrawal process.
The 15-point document under discussion does not adequately address these demands, and Israel conveyed its reservations on the matter to former UK prime minister Tony Blair, who is serving as an envoy.
A separate diplomatic source told the Post that there “will be no exceptions for certain weapons or certain people. One authority, one law, one weapon.”
According to an Axios report from earlier on Thursday, under the agreement, the IDF would withdraw back to the Yellow Line, where it was positioned following last October’s ceasefire. Any further withdrawal would only occur after Hamas’s complete disarmament.
Axios added that Israel would also halt assassinations of Hamas members in the Gaza Strip, unless in the occasion of an imminent threat.
Amichai Stein contributed to this report.
END
SAUDI ARABIA/YEMEN
Saudi Arabia Planning Major Escalation In Yemen, Possible Ground Op: Reports
Friday, Jul 31, 2026 – 05:40 PM
Authored by Dave DeCamp via AntiWar.com,
Abdul Malik al-Houthi, the leader of Yemen’s Ansar Allah, commonly known as the Houthis, said Thursday that there were indications Saudi Arabia was planning a major escalation in Yemen, as the war between the two sides has been reignited following the July 13 Saudi strikes on the Sanaa International Airport.
“We will work to establish the equation of siege with siege, especially since indicators reveal that the Saudis are heading toward comprehensive escalation, and we will seek God’s help against him and confront his comprehensive escalation with comprehensive escalation,” al-Houthi said, according to Yemen’s SABA news agency.
The Guardian also reported on Thursday, citing Yemeni sources, that Saudi Arabia was preparing for a major escalation against Ansar Allah by sea and possibly by launching a ground offensive in central Yemen.
Saudi Arabia is looking to launch a new Red Sea coalition to keep the Bab el-Mandeb Strait open, and the Saudi Defense Ministry announced that 14 countries backed the effort. The full coalition hasn’t been released, but according to Saudi officials, it includes—
- Kuwait
- Qatar
- Bahrain
- Pakistan
- Turkey
- Egypt
- Jordan
Ansar Allah imposed a blockade on Saudi ports following the Saudi strikes on the Sanaa airport, which were meant to prevent the landing of a plane that took off from Iran and was carrying members of a Yemeni delegation that attended the funeral of Ayatollah Ali Khamenei.
Yemeni forces have also targeted oil infrastructure inside Saudi Arabia, and the Saudi military has launched additional strikes on Yemen of late.
Escalations against Ansar Allah are unlikely to achieve success since the group faced a brutal US-backed Saudi-UAE war from 2015 to 2022 and multiple US and Israeli bombing campaigns since then that failed to achieve their goals. President Trump has suggested that the US could restart bombing Yemen.
Al-Houthi said in his comments on Thursday that the Yemeni people “are among the most suffering and targeted peoples by the Saudi regime within the framework of the American scheme, and in service of the Israeli enemy.”
RUSSIA VS UKRAINE
Entire Russian City Enveloped In Smoke & Darkness After Major Refinery Attacked
Friday, Jul 31, 2026 – 10:20 AM
The major Russian industrial city of Volgograd, in the country’s southwest, is being engulfed in smoke and darkness on Friday after a wave of Ukrainian drone attacks scored several hits on key sites.
A sprawling energy facility, as well as warehouse belonging to the online retailer Wildberries, went up in flames, resulting in several injuries. During the attack a residential area was also struck, resulting in the death of a woman in her destroyed home.
Wildberries has since confirmed that a large fire broke out at a logistics hub in Volgograd while reporting no casualties at the site. The attack comes on the heels of more than a dozen Wildberries having been hit by long-range drones over the past couple weeks.
After some 13 warehouses have been hit, reports have estimated that about 10 percent of the company’s storage capacity has vanished. The latest attack brings the total to 14.
A statement by the online retailer giant sought to assure customers, “Logistics chains have been reorganized, and the receipt of deliveries and dispatch of orders are being carried out at other facilities.”
The Amsterdam-based Moscow Times also notes that “NASA’s fire monitoring system FIRMS showed several large active fires at the site of a major Lukoil-operated oil refinery just south of the city of Volgograd. Lukoil has not commented on the reported attack on its facility.”
This was further confirmed in Bloomberg:
Ukraine struck one of Russia’s largest oil refineries, threatening to disrupt fuel supplies again as strikes on the country’s downstream industry resumed.
Ukraine’s Security Service said on Telegram that it targeted facilities at Lukoil PJSC’s refinery in the Volgograd region, without indicating the extent of the damage. The attack resulted in a fire at the facility, Ukraine’s General Staff said in a separate message.
A large fire has reportedly engulfed parts of the complex, after which the General Staff of the Armed Forces of Ukraine boasted of the attack Facebook.
The General Staff described that “Lukoil-Volgogradneftepererabotka is one of the largest oil refineries in the Russian Federation. Its refining capacity is approximately 15 million metric tons of crude oil per year. The facility produces automotive gasoline, diesel fuel, and jet fuel. It is involved in supplying the needs of the Russian army.”
More broadly, several Russian regions faced another night of large drone waves, with the country’s defense ministry later saying that over 370 drones were intercepted overnight. Russia has also carried on with nightly ballistic missile and drone attacks on Ukraine, with attacks this week focusing as far west as Lviv, and near the border with Poland.
6/.GLOBAL ISSUES, COVID ISSUES, VACCINE INJURIES/HEALTH ISSUES
‘We Won Completely’: Weinstein Says COVID ‘Conspiracy Theorists’ Were Totally Vindicated
Thursday, Jul 30, 2026 – 05:20 PM
Not so long ago, everything below was a bannable offense – usually based on the vapid logic of some 24-year-old “trust & safety” associate. In a clip circulating Thursday, evolutionary biologist Bret Weinstein takes stock of what the dissidents actually won for their trouble, Vigilant Fox reports.
WEINSTEIN: “We live in two worlds simultaneously at the moment. I remember conversations that I had with people I cared deeply about at the beginning of COVID right as the lab leak story was beginning to crack.”
“What I saw was, actually, I think we’re going to win the lab leak story. We’re not yet winning the vaccine story, and we’re way behind on the repurposed drug story.
“In 2026, here’s what we see. We actually won. Completely. All of these things are now visible to anybody who wishes to see them.
Yet, while hearts and minds were won and ‘conspiracy theorists’ vindicated, we have a limp dicked government that won’t hold anyone’s feet to the fire.
“And we’ve lost completely. Our capacity to do anything about this is now on full display. We have none.”
“Your ability to simply get the story clear enough and enough evidence on the table does not have an impact on what happens next.
“We’re still apparently dispensing these frickin shots. How crazy is that? Right after all that we have unearthed, after all the people who lost their careers to unearth this stuff, they’re still dispensing the frickin shots.”
WEINSTEIN: “We need to figure out now how to talk to the people who actually have goodness in their hearts, but are still so desperately confused.
“You have to figure out how to approach them with enough generosity of spirit that you can get them over the line to just seeing. You can get them to take off the blindfold.”
h/t Modernity.news
END
TONY FAUCI CAUGHT FRAUD MAXXING
Please, now loudly cheer for those who got it right and stood for you.
| Trish WoodJul 31 |  |
I held my breath watching the Anthony Fauci hearings Thursday. We dissidents were redeemed when the man responsible for so much death and misery was reduced to invoking the Fifth — every time he answered. For Dr. Fauci, truth is and always has been a dangerous thing. I’ve known him for forty years.
Watch the clip below and remember that this is the person who shut down the world; causing death, economic destruction, drug relapses, suicides and for children: years as lost as the castaway boys from Lord of the Flies.
Seeing Fauci being held accountable for once, felt pretty good. As a medical reporter with an award-winning career, witnessing Fauci get away with his dangerous schtick, yet again — this time during COVID, was extremely difficult.
Senator Rand Paul discovered and released Fauci’s diary from the COVID era and its both shocking and sad. It reveals a childish, attention seeking and in my opinion, personality-disordered man.
Here is a link to it and more documents from Senator Paul.
More frightening than his Valley Girl interior life were the whoppers he told about gain of function and the Wuhan Lab. We were among the first in North America to discuss Fauci’s Wuhan folly. Of course his public facing comments were false.
Beyond politicians and White House aides, Fauci’s diary reads at times like a Hollywood guest list. Actress Julia Roberts hosted Fauci on Instagram Live, sent him flowers and later presented him with an award, while Vogue editor Anna Wintour, comedian Trevor Noah, NBA star Steph Curry, actors Sean Penn and Matt Damon, and rapper Lil Wayne also make appearances as Fauci documented his growing celebrity during the pandemic.
The diary closes with another unexpected cameo. At the 2022 Kennedy Center Honors, Fauci wrote that he hugged Hunter Biden, who joked the internet “would explode” if someone photographed them together because they were both “being attacked by the far right GOP.”
I proposed yesterday on X that we begin testing our public servants for dark triad markers as they move up the ladder. Only half kidding here.
Aside from jumbo-sized scientific malpractice, comes his ego, courting of fame and fortune and a pathological need to be part of the DC in-crowd. Fauci’s character defects were a driving factor for me starting the podcast. My long reporting career told me he would make a hash of COVID public policy. And as we know, he did. Which brings us to his appearance before the Senate yesterday.
I was hopeful he would be held to account but it wasn’t on my bingo card that Senator Moreno would “F” bomb on Fauci. It felt pretty good. I think I jumped off the couch and cheered. Immature, I know, but the redemption yesterday for so many good people was palpable in that hearing room and on social media as well.
Tamara and I were trading X posts in real time as it unfolded and it occurred to me that the wrong person had been arrested for their actions during COVID. Look at Fauci’s guilty little face in the video.
Special on Tony Fauci coming with lots of juicy tidbits exposing the corrupt moral framework he created — something I’ve known since reporting on him during AIDS in the 80s. Never forget how many people died as a result Dr. Fauci’s ineptitude and in my view, dishonesty.
I might be the only reporter working whose career straddles his. Or perhaps I’m just getting old? Why is it taking so long for the world to wake up? Simple answer is media complicity and malfeasance.
This feels like a full circle moment for us. Guest on Friday is Jeffrey Tucker who facilitated the Great Barrington Declaration that birthed Fauci’s most famous snide remark — calling Jay Bhattacharya, Martin Kulldorff, and Sunetra Gupta — all esteemed in their fields — “fringe”.
You’ll recall “fringe” was retooled by former Prime Minister Trudeau and levelled at the Freedom Convoy.
Here is Dr. Bhattacharya, now head of the NIH, back in 2022 on the our audio- version of the show talking about how important is debate when invoking public health policy.
So stay tuned for Friday’s podcast and Substack.
NOTE: My health problem has been narrowed down, after years of searching, to a heart issue we are still trying to figure out. It is a confounding riddle. Feeling good about it all, though. My energy seems to be returning as well.
My apologies for the lateness of this post. I’ve been consumed with testing, echocardiograms, and wearing monitors for days at a time. I stepped away for a couple of weeks
Last word from my friend, the brilliant Ann Bauer on how COVID sharpened our gaze as we cast it toward the people we share the neighbourhood with.
Stay critical.
Truth over tribe.
END
Senate Schedules Contempt Vote For Fauci
Friday, Jul 31, 2026 – 09:35 AM
Authored by Zachary Stieber via The Epoch Times,
The Senate has scheduled a vote on holding Dr. Anthony Fauci in contempt.
The Senate Committee on Homeland Security and Governmental Affairs on Aug. 5 will consider a contempt resolution for Fauci. The resolution has not been released as of yet.
Dr. Anthony Fauci, former director of the National Institute of Allergy and Infectious Diseases at the National Institutes of Health, testifies before the Senate Committee on Homeland Security and Governmental Affairs in Washington on July 29, 2026. Madalina Kilroy/The Epoch Times
If the panel approves the resolution, then it will be sent to the Department of Justice with a recommendation to prosecute Fauci, Sen. Rand Paul (R-Ky.), chairman of the Senate panel, said during an appearance on CBS on July 30.
Paul has previously requested prosecution of Fauci for allegedly lying to Congress, but federal prosecutors have not brought any charges to date.
Fauci, who led the National Institutes of Health’s National Institute of Allergy and Infectious Diseases from 1984 to 2022, read an opening statement at a hearing of the committee on July 29, then refused to answer any questions.
Fauci said he was following advice from his lawyers and invoking his right under the Constitution’s Fifth Amendment, which protects people against self-incrimination.
Paul noted at the end of the hearing that a preemptive pardon from then-President Joe Biden issued in early 2025 covers Fauci for any crimes he may have committed from Jan. 1, 2014, through Jan. 19, 2025. Paul asked Fauci whether he, at any point during the time period the pardon covers, destroyed any federal record or instructed others to.
Fauci declined to answer, pointing to the Fifth Amendment.
“My question was limited to the period of your pardon only. I find your objection unsupported,” Paul said.
Fauci said in his opening statement that Paul is obsessed with calling for his prosecution.
“The only conclusion I can reach is that the sole reason he is calling me before this committee is to get me to say something, anything that could vindicate his repeated public pledges that I end up, in his words, ‘behind bars,'” Fauci said.
Some senators said the situation called to mind what transpired with Lois Lerner, an IRS official who read an opening statement while appearing before a congressional panel in 2013 before refusing to answer any questions. The House of Representatives voted to hold Lerner in contempt of Congress.
Congress more recently approved contempt resolutions against Peter Navarro and Steve Bannon, onetime advisers to President Donald Trump. The men were convicted of contempt and spent time in prison.
People convicted of contempt of Congress can land a fine of up to $100,000 and a prison term of up to 12 months.
Several legal experts told The Epoch Times that Fauci wrongly invoked the Fifth Amendment in response to some of the questions.
Sen. Rand Paul (R-Ky.), chairman of the Senate Committee on Homeland Security and Governmental Affairs, speaks during a hearing with Dr. Anthony Fauci, former director of the National Institute of Allergy and Infectious Diseases at the National Institutes of Health, in Washington on July 29, 2026. Madalina Kilroy/The Epoch Times
GLOBAL ISSUES
MARK CRISPIN MILLER
DR PAUL ALEXANDER
RABOBANK/MICHAEL EVERY/OR OR PICTON/GIFFIN OR RABOBANK EXECUTIVE/COMMENTARY ON WORLDLY AFFAIRS
7. OIL AND NATURAL GAS//ENERGY COMMENTARIES
Iran Claims Kuwait Airbase Attack, Strikes Pair Of Tankers In Hormuz, Despite No New US Operations Overnight
by Tyler Durden
Friday, Jul 31, 2026 – 10:00 AM
“We note with concern that the security situation remains precarious,” said Pakistani Foreign Ministry spokesperson Tahir Andrabi on his country’s mediation efforts to find peace between the US and Iran. Talks “are ongoing to normalize the situation, particularly the situation in the Strait of Hormuz,” he told reporters as a week full of renewed fighting as come to a close. But there essentially are no current talks, and US officials have indicated they are not even seeking them.
Early Thursday had seen the last major exchanges of tit-for-tat attacks, followed by a window of relative quiet into Friday – but the Iranian military has said it newly targeted strategic US military facilities at Kuwait’s Ahmad Al-Jaber airbase in a drone attack. This was cast as ‘retaliation’ for US attacks of the day prior which focused on Qeshm island. Several Iranian troops had been killed in the prior assault, and separately a family was slain when their home was reportedly hit.
Semiofficial Tasnim news agency said the armed forces had targeted hangars, satellite communication systems and equipment warehouses using drones – based on the military statement.
“Iranian state media reported the strike on Ahmed Al Jaber Air Base early Friday, but Kuwaiti officials and the Pentagon have yet to comment,” Newsnation summarizes, adding of the current standstill in fighting, “Notably, Iranian media did not report any American strikes hitting targets inside Iran overnight, a change from Wednesday, when the U.S. carried out what officials called a heavy wave of strikes against Iranian positions.”
The day prior saw the Iranians heavily target an American outpost in Jordan. Iran believes the US is amassing equipment there in preparation for further rounds of attacks. As for the Friday targeting of Kuwait: “Iran cited a U.S. strike that killed a mother, father and their 2-year-old child in a home on Qeshm Island as part of its justification for the reported Kuwait attack.”
On the question of where the crisis goes from here, a Tehran-based researcher at the Center for Strategic Studies, Ali Akbar Dareini, gave Al Jazeera some interesting insight into Tehran’s likely thinking:
He said Iran is likely trying to preempt any future attacks by the US in its current targeting in the region. Iran does not want to “allow the US to decide when to start the war, when to pause temporarily and when to restart the war”, he added. “Iran is now targeting the staging grounds of future operations.”
Dareini explained that while Washington has been pursuing “vertical escalation” by ramping up military attacks against Iran, Tehran has sought “horizontal escalation” by expanding the conflict’s “geographical scope”.
“Iran wants a complete, permanent end to war, or it’s going to be a wide-scale regional war,” he said.
As for the latest on potential US-Israeli plans to escalate against the Islamic Republic…
In the Strait of Hormuz, Iran’s Revolutionary Guards (IRGC) has claimed its forces struck a pair of tankers attempting to pass though the narrow waterway under the “air escort” of the US military.
The IRGC asserted that the “non-compliant oil tankers… were struck and brought to a halt, while four other oil tankers quickly changed course and returned to their previous positions.” Meanwhile, two headlines that don’t line up:
- US President Trump says the Iran war is going well; US is hitting Iran hard and “we just keep winning” (Fox)
- The Persian Gulf Waterway Management Authority announces that traffic through the Strait of Hormuz is not possible due to the continued aggressive actions of the US
Still, the fact that there’s been no new overnight Pentagon attacks on Iran, and the lack of intense tit-for-tat so far on Friday, has resulted in oil rebounding significantly…
But this Friday’s somewhat ‘quiet’ state of things could likely dramatically shift at any moment, as has been the pattern this summer. The aforementioned Tehran-based analyst Dareini describes a serious change and overhaul in Iranian leaders’ strategic thinking, which has gone from defensive to proactive, with an understanding of the need to inflict pain on the US side in a preemptive way.
“Iranians are tired from suffering from limited US attacks,” Dareini said, charging that the US uses its declared pauses as a “deception tactic” merely in preparation for future attacks and operations.
“There has been a profound change in Iran’s strategic thinking,” he added. “The era of restraint is over. Iran has decided that, if needed, it has to take preemptive military action against the US.”
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 FRIDAY MORNING 6;30AM//OPENING AND CLOSING
OPENING LEVELS OF CURRENCIES// AND CLOSING ASIAN STOCK MARKET AND OPENING EUROPEAN STOCKS:6 AM EST
EURO VS USA DOLLAR: 1.15180 UP 0.08
USA/ YEN 159.22 DOWN .955 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 1.3466 UP 0.0006 OR 6 BASIS PTS
USA/CAN DOLLAR: 1.4026 UP 0.0015 //CDN DOLLAR DOWN 26 BASIS PTS//
Last night Shanghai COMPOSITE CLOSED UP 27.51 PTS OR 0.32%
Hang Seng CLOSED UP 29.55 PTS OR 0.10%
AUSTRALIA CLOSED DOWN 1.53%
// EUROPEAN BOURSE: ALL GREEN
Trading from Europe and ASIA
I) EUROPEAN BOURSES: ALL GREEN
2/ CHINESE BOURSES / :Hang SENG CLOSED UP 29.85 PTS OR 0.10%
/SHANGHAI CLOSED UP 27.57 PTS OR 0.72%
AUSTRALIA BOURSE CLOSED DOWN 1.65%
(Nikkei (Japan) CLOSED UP 2494.99 PTS OR 4.03%
INDIA’S SENSEX IN THE GREEN
Gold very early morning trading: $4045.75
silver:$57.43
USA DOLLAR VS TRY (TURKISH LIRA): 47.52 UP 10 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: 80.23 ROUBLE// DOWN 0 ROUBLE AND 24 BASIS PTS. WOULD YOU BELIEVE THAT THE RUSSIAN ROUBLE AND THE ISRAEL SHEKEL ARE THE STRONGEST CURRENCIES BESIDES THE DOLLAR .
UK 10 YR BOND YIELD: 5.0599 UP 1 BASIS PTS
UK 30 YR BOND YIELD: 5.782 UP 3 BASIS PTS
CDN 10 YR BOND YIELD: 3.658 UP 7 BASIS PTS
CDN 5 YR BOND YIELD; 3.267 UP 6 BASIS PTS
USA dollar index early FRIDAY MORNING: 99.93 UP 22 BASIS POINTS FROM THURSDAY’s CLOSE
FRIDAY MORNING NUMBERS ENDS
And now your closing FRIDAY NUMBERS 10.00 AM
Portuguese 10 year bond yield: 3.551% UP 14 in basis point(s) yield
JAPANESE BOND 10 yr YIELD: +2.812% UP 1FULL POINTS BASIS POINTS /JAPAN losing control of its yield curve/
JAPAN 30 YR: 3.977 UP 1 BASIS PTS//
SPANISH 10 YR BOND YIELD: 3.662 UP 5 in basis points yield
ITALY 10 YR BOND: 3.972 DOWN 3 points in basis points yield ./
GERMAN 10 YR BOND YIELD: 3.2130UP 7 BASIS PTS
IMPORTANT CURRENCY CLOSES : MID DAY FRIDAY
Closing currency crosses for day /USA DOLLAR INDEX/USA 10 YR BOND YIELD/10:00 AM
Euro/USA 1.15180DOWN 0.0005 OR5 basis points
USA/Japan: 159.23 DOWN 0.955 OR YEN IS UP 96 BASIS PTS// HIGHLY INFLATIONARY TO JAPAN
Great Britain 10 YR RATE 5.0599 UP 3 BASIS POINTS //
GREAT BRITAIN 30 YR BOND; 5.782 UP 6BASIS POINTS.
Canadian dollar UP 15 BASIS pts to 1.4026
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
The USA/Yuan CNY 6.7513ON SHORE ..UP
THE USA/YUAN OFFSHORE// CNH UP TO 6.7533
TURKISH LIRA: 47.52 PLUS 10 EXTREMELY DANGEROUS LEVEL/DEATH WATCH/HYPERINFLATION TO BEGIN.//
Your closing 10 yr US bond yield UP 8 in basis points from THURSDAY at 4.742% //trading well ABOVE the resistance level of 2.27-2.32%)
USA 30 yr bond yield 5.267 UP 6 basis points /10:00 AM
USA 2 YR BOND YIELD: 4.295 UP 7 BASIS PTS.
GOLD AT 10;00 AM 4046.00
SILVER AT 10;00: 57.45
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 97.06PTS OR 0.91%
GERMAN DAX: CLOSED UP 52.33 PTS OR 0.85%
FRANCE: UP 355.08 OR 1.36 PTS
Spain IBEX CLOSED UP 318.040 PTS OR 1.65%
Italian MIB: CLOSED UP 486.39 PTS OR 0.95%
WTI Oil price 84.39 10.00 EST/
Brent Oil: 87.50 10:00 EST
USA /RUSSIAN ROUBLE /// AT: 80.23 ROUBLE DOWN 0 AND 24/ 100
CDN 10 YEAR RATE: 3.6581 UP 7 BASIS PTS.
CDN 5 YEAR RATE: 3.267 UPBASIS PTS
CLOSING NUMBERS: 4 PM//
Euro vs USA 1.1532 UP 0.0008 OR 8 BASIS POINTS//
British Pound: 1.3484 UP 0.0025 OR 25 basis pts/
BRITISH 10 YR GILT BOND YIELD: 5.0560 UP 6 FULL BASIS PTS//
BRITISH 30 YR BOND YIELD: 5.7870UP 6 IN BASIS PTS.
JAPAN 10 YR YIELD: 2.791 DOWN 1 FULL BASIS PTS (DANGEROUS TO THEIR ECONOMY
JAPANESE 30 YR BOND: 3.9791 DOWN 1 PTS AND STILL VERY DANGEROUS TO THEIR ECONOMY
USA dollar vs Japanese Yen: 159.11 DOWN 1.076OR YEN UP 108 BASIS PTS//GETTING FURTHER AWAY FROM 160.00/ EXTREMELY DANGEROUS
USA dollar vs Canadian dollar: 1.4011 DOWN 0.0000 PTS// CDN DOLLAR UP 00 BASIS PTS
West Texas intermediate oil: 84.75
Brent OIL: 88.19
USA 10 yr bond yield UP 7 BASIS pts to 4.729
USA 30 yr bond yield: UP 4 PTS to 5.263%
USA 2 YR BOND 4.273 UP 4 PTS
CDN 10 YR RATE 3.665UP 8 BASIS PTS
CDN 5 YEAR RATE: 3.275 UP 8 BASIS PTS
USA dollar index: 99.78 UP 7 BASIS POINTS
USA DOLLAR VS TURKISH LIRA: 47.52 UP 10 BASIS PTS GETTING QUITE CLOSE TO BLOWING UP/IDIOTS SOLD GOLD
USA DOLLAR VS RUSSIA//// ROUBLE: 80.23 DOWN 0 AND 23/100 roubles //
GOLD $4054.50 3:30 PM)
SILVER: 57.92 3;30 PM)
DOW JONES INDUSTRIAL AVERAGE: UP 276.97 POINTS OR 0.53%
NASDAQ 100 UP 167.85 PTS OR 0.68%
VOLATILITY INDEX 15.99 DOWN 1,10 PTS OR 6.44%
GLD: $ 371.54 UP 5.62 PTS OR 1.49%
SLV/ 52.36 PTS DOWN 1.14 OR 2.13%
TORONTO STOCK INDEX// TSX INDEX: CLOSED DOWN 279.70 PTS OR 0.79%
end
TRADING today ZEROHEDGE 4 PM: HEADLINE NEWS/TRADING
Blood In The Streets: Tech Wrecks, Bonds Battered, & Crude Catapults In July Jolt
WRAP UP
Amazon leads stock gains; JPY firms again as intervention speculation mounts -Newsquawk US Market Wrap
Friday, Jul 31, 2026 – 03:57 PM
- SNAPSHOT: Equities up, Treasuries down, Crude up, Dollar flat, Gold down.
- REAR VIEW: Trump said we’ll be hitting Iran in coming weeks; Fed 2026 voters & dissenters cite inflation concerns for opting to hike this week; UoM Consumer Sentiment rises in June; BoJ holds rates as expected; US Treasury reportedly informed banks that it may intervene in the Yen market on Friday; AAPL earnings and guidance disappoint, AMZN impress; CPC said to have discussed “indefinite” halt of oil and tanker operations; US and Israel are reportedly considering a land blockade of Iran.
- COMING UP: Holiday: Canadian Civic Holiday. Bullets: Global S&P Manufacturing PMI Final (Jul), German Retail Sales (Jun), Swiss Inflation (Jul), US ISM Manufacturing PMI (Jul), Atlanta Fed GDP (Q3). Events: US Treasury Financing Estimates. Earnings: Palantir, ONSemi.
- WEEK IN FOCUS: Highlights include: OPEC JMMC, Chinese PMIs, US QRA, US ISM PMIs, Chinese Trade, and US Jobs Report. Click here for the full report.
- WEEKLY US EARNINGS ESTIMATES: Earnings season continues with highlights including AMD and SNDK. Click here for the full report.
More Newsquawk in 2 steps:
- 1. Subscribe to the free premarket movers reports
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MARKET WRAP
Stocks continued their post-Fed rebound into the weekend, led by Amazon (AMZN +15.3%) reporting faster AWS growth; stronger-than-expected revenue reassured investors that heavier AI and data centre spending is being matched by accelerating cloud demand. All Mag-7 ex-AAPL also gained, whilst breadth remained poor, as displayed by 4/11 sectors trading higher. Consumer Discretionary, Communications, Energy, and Industrials gained, whilst Materials and Tech lagged. Apple (AAPL -7.3%) and memory weakness were behind the Tech underperformance. Apple reported weak services, iPad, and China sales figures, alongside underwhelming revenue guidance. Meanwhile, memory names were weighed on by Japanese memory chipmaker Kioxia missing earnings and guidance expectations.
Aside from earnings, the main story was the continued JPY strength that sparked new speculation of further JPY intervention. As such, existing pressure in US long-end yields extended in either anticipation that Japan would sell Treasuries to fund JPY buying or simply that Japan did so. It was reported that the US Treasury has informed banks that it may intervene in the Yen market on Friday. Overnight, the BoJ kept rates at 1.00%, as expected; Guidance was largely unchanged.
Amid the rise in US yields, precious metals were sold, weighing on Materials; a Linde (LIN) profit guide miss also weighed. The modest rise in crude prices may have contributed towards the hawkish repricing in the Fed 2026 rate hike expectations, 24.2bps (yesterday 20.1bps). Updates continue to point towards more escalation between the US and Iran. Separately, the CPC is said to have discussed an “indefinite” halt of oil and tanker operations. Note, we are yet to have a decision.
Fed 2026 voters Hammack, Logan, and Kashkari all gave their reasoning behind opting for a 25bps rate hike at this week’s meeting. They argued that inflation remains too persistent, current policy is not restrictive enough, and with the labour market still solid, a precautionary 25bps hike now would help prevent inflation from becoming entrenched. Elsewhere, the UoM June showed improved consumer sentiment in the month.
US
FED’s HAMMACK (2026 voter, hawkish dissenter) said the Fed rate policy is not restrictive enough, and inflation has been too high for too long. Hammack is ‘not confident’ inflation will ease absent action from the Fed, and now is the time for the Fed to act to bring down high inflation. With the job market stable, the Fed should focus on inflation, and the longer inflation stays high, the harder it will be to bring it back to target.
FED’s KASHKARI (2026 voter, hawkish dissenter) stated he dissented because he preferred to raise funds rate by 25bps, and that series of supply shocks have been responsible in part for inflation. Minneapolis Fed President remarked that more recently data center investments have added a new demand element to inflation, and increasingly believe monpol has a role to play in addressing successive supply shocks that might lead to entrenched inflation. Monpol can look through individual supply shocks. Kashkari wants to manage against the risk of inflation becoming entrenched and would prefer to tighten policy incrementally. If inflation durably fades, a strategy of small steps would allow FOMC to slow or pause subsequent adjustments without unnecessary impact on the real economy, and if inflation remains elevated, a potential series of small policy moves would be better than waiting and concluding that bolder actions were necessary.
FED’s LOGAN (2026 voter, hawkish dissenter) would have preferred 25bps hike to better balance outlook and risks. Logan added that risks to inflation are to the upside and a ‘solid’ job market is strengthening a bit. Noted monpol is not restraining the economy, and inflation is not on course to the 2% goal. Without any policy restraint, inflation will likely continue to trend above target until there’s an unanticipated shock, and that modest Fed action in the near term would reduce the likelihood of needing sharper action later.
FED’s BARKIN (2027 voter) in an interview with the WSJ stated it’s a ‘close call’ whether rates are high enough to bring inflation down, and he didn’t know whether he would have joined the three fellow dissenters who voted for a hike in the latest FOMC confab. Richmond Fed President added, “I think there is a strong case there” for adding restraint and taking back some of last year’s rate cuts. After a softer inflation reading in June, said, “I think you could also make a case…that there’s time before the next set of meetings” to determine whether the current setting is adequate. Barkin said “It does not feel like a tight labour market”, and that price increases are moving through the economy unevenly, making it difficult to tell how much inflation remains in the pipeline.
MICHIGAN: University of Michigan final data for July was mixed. Sentiment rose to 55.2 from 49.5 in June, and above the expected 54.4. Current conditions lifted to 54.8 (prev. 47.7), but was marginally short of the Wall St. consensus of 54.9. Expectations printed 55.4, above the expected 54.0, and lifted from June’s figure of 50.7. Looking at inflation expectations, 1yr ahead fell to 4.2% from 4.6%, as expected, while the 5yr was unchanged at 3.3%. Despite recent gains, sentiment is 11% below a year ago, reflecting a generally sombre view of the economy amid five years of elevated inflation and persistently high prices. The survey notes that consumers remain focused on pocketbook issues like purchasing power, while political or military developments remain more in the background.
FIXED INCOME
T-NOTE FUTURES (U6) SETTLED 17+ TICKS LOWER AT 108-00
Treasuries again saw a steeper curve amid month-end. 2-year +4.1bps at 4.291%, 3-year +5.8bps at 4.357%, 5-year +6.7bps at 4.458%, 7-year +7.2bps at 4.601%, 10-year +7.2bps at 4.745%, 20-year +7.0bps at 5.295%, 30-year +6.2bps at 5.275%.
DAY: The Treasury curve steepened as volatility resumed at month-end. Unlike the past couple of days, this time short-end yields rose, helped by the modest crude gains, albeit still to a lesser magnitude than the belly and long end.
Today’s main development was the continued sharp drawdowns in USD/JPY that again stoked fresh JPY intervention speculation. As such, the move higher in yields would have likely been a function of either anticipation that Japan will be selling Treasuries to support the JPY or Japan actually doing it themselves. Meanwhile, reports noted that the US Treasury has informed banks that it may intervene in the Yen market on Friday; later reports said some banks were told to have executable trades ready to exchange JPY for euros.
In other news, Fed 2026 voters Hammack, Logan, and Kashkari all gave their reasoning behind opting for a 25bps rate hike at this week’s meeting. They argued that inflation remains too persistent, current policy is not restrictive enough, and with the labour market still solid, a precautionary 25bps hike now would help prevent inflation from becoming entrenched and reduce the risk of needing larger rate increases later; T-Notes were muted on the speeches.
UoM Final June showed improved sentiment; however, consumers remain focused on pocketbook issues like purchasing power, while political or military developments remain more in the background.
STIRS / OPERATIONS
- Fed Pricing: 24.2bps (prev. Dec 20.1bps)
- EFFR at 3.63% (prev. 3.63%), volumes at USD 121bln (prev. USD 101bln) on July 30th
- SOFR at 3.65% (prev. 3.65%), volumes at USD 3.011tln (prev. USD 3.032tln) on July 30th
- NY Fed RRP op demand at 2.151bln (prev. 1.076bln) across 4 counterparties (prev. 3) on July 31st
CRUDE
WTI (U6) SETTLED USD 1.08 HIGHER AT USD 84.67/BBL; BRENT (V6) SETTLED USD 1.04 HIGHER AT USD 87.93/BBL
The crude complex saw gains heading into the weekend, as participants will be looking for any escalatory or de-escalatory actions, despite how unlikely the latter seems. Energy benchmarks reversed initial losses to trade higher despite being lower at the start of the European session, with Iran’s IRGC stating two offending tankers were hit and stopped, and four offending tankers quickly changed course. Additionally, the IRGC said the Strait of Hormuz is closed, and any transit and movement will be possible only with the coordination of the IRGC Navy. There were a couple of further headlines which saw crude upside as some source reports said US and Israel are considering a land blockade of Iran to increase economic pressure, while on the supply side CPC is said to have discussed an “indefinite” halt of oil and tanker operations and will make a decision later today. Note, we are yet to have a decision.
Away from geopols, focus is also on the upcoming OPEC+ JMMC, whereby a 188k BPD September output increase is widely expected, with attention on whether further hikes are paused thereafter. In addition, the weekly Baker Hughes rig count saw oil up 1 at 451, natgas unchanged at 127, leaving the total up 1 at 588.
EQUITIES
CLOSES: SPX +0.70% at 7,490, NDX +0.60% at 28,274, DJI +0.53% at 52,491, RUT -0.50% at 2,931
SECTORS: Materials -2.71%, Utilities -0.74%, Real Estate -0.68%, Health -0.55%, Technology -0.54%, Consumer Staples -0.37%, Financials -0.13%, Industrials +0.79%, Energy +0.79%, Communication Services +4.60%, Consumer Discretionary +6.07%.
EUROPEAN CLOSES: Euro Stoxx 50 +0.34% at 6,366, Dax 40 +0.07% at 25,631, FTSE 100 -0.27% at 10,868, CAC 40 +0.28% at 8,510, FTSE MIB +0.13% at 52,173, IBEX 35 +0.13% at 19,783, PSI -0.33% at 9,116, SMI -0.32% at 14,346, AEX -0.50% at 1,099
STOCK SPECIFICS:
- Apple (AAPL): Weak services, iPad and China sales, below-forecast revenue guidance and warnings of severe supply constraints weigh on shares.
- Amazon (AMZN): Reported faster AWS growth; stronger-than-expected revenue reassured investors that heavier AI and data centre spending is being matched by accelerating cloud demand.
- ExxonMobil (XOM): Adj. EPS missed.
- Chevron (CVX): Adj. EPS & rev. beat.
- AbbVie (ABBV): Cut FY26 profit guidance.
- Linde (LIN): FY EPS view fell short.
- Eaton (ETN): Earnings beat; raised FY26 guidance.
- Stryker (SYK): FY profit outlook failed to offer meaningful upside after cyber-incident recovery progress.
- Coinbase (COIN): Reported wider-than-expected loss and a revenue miss.
- Roblox (RBLX): Revenue miss; Q3 sales guidance below forecasts; withdrew its annual guidance amid persistent monetisation softness.
- Reddit (RDDT): Soft Q3 sales guidance.
- Replimune (REPL): FDA advisory committee backed RP1 plus nivolumab in advanced melanoma.
- NXP Semiconductor (NXPI) reportedly in talks to buy Ambarella (AMBA), reports FT.
FX
The Dollar was mixed against G10 peers on Friday, with the Yen the clear outperformer, dragging the Buck lower and extending on Thursday’s strength, while the Swissy was the distinct laggard. Yesterday, traders suggested that the NY Fed carried out rate checks on spot USD/JPY on behalf of the Treasury, while WSJ, citing sources, said today that the US Treasury Department has informed banks that it might make currency trades on Friday to support the JPY and strengthen its exchange rate against the dollar. The report sources added that some banks were told to have executable trades ready to exchange Japanese yen for euros. Elsewhere, we got reasoning from the three Fed dissenters, while 2027 voter Barkin said it’s a ‘close call’ whether rates are high enough to bring inflation down, and he didn’t know whether he would have joined three fellow regional Fed presidents who voted this week for higher rates.
As mentioned, the Yen was firmer and was the talk of the town again on Friday as more choppy price action was seen, as USD/JPY traded between 158.15 and 160.88. Following the aforementioned gains on Thursday, Nikkei sources suggested Japan and the BoJ intervened via USD selling, while desks conducted rate checks. In addition, the BoJ kept rates unchanged at 1.00%, as expected, with Takata dissenting for a 25bps hike. Guidance was largely unchanged, though the Outlook Report saw slight GDP upgrades and mixed CPI revisions. Ueda’s presser triggered only modest moves, with some upside seen on comments about inflation risks and policy flexibility.
Elsewhere in G10 FX, market-moving headlines were fairly contained, with currency-specific catalysts light. Antipodeans and the Pound managed to eke out slight gains, while the EUR was flat and CAD was marginally lower. For the Pound, BoE Chief Economist Pill stated that the MPC is not edging towards a hike, and Deputy Governor Lombardelli clarified the decision to hold rates unchanged this time was not a difficult one. Pill sees potential for more slow-moving, insidious second-round effects.
Lastly, China’s PMIs unexpectedly fell into contraction, reinforcing concerns over the recovery pace post-Politburo, although the Yuan reaction was muted.
USA DATA RELEASES
UMich Sentiment Surges To Pre-War Highs; AI Fears Becoming “Salient”
Friday, Jul 31, 2026 – 10:09 AM
Having rebounded from record (46 year) lows in June, University of Michigan’s final July Sentiment survey was expected to show further improvement MoM, but a slight decline from the preliminary print as gas prices started rising again following the apparent end of the MoU-driven MidEast ceasefire.
However, from 49.5 final for June, UMich headline print rose to 54.4 preliminary and has now jumped further to 55.2 (54 exp) final – the highest since February.
Both Current Conditions and Expectations sub-indices also rose with the latter jumping most and the former down very modestly from the preliminary print.
Broad-based improvements were seen across all groups by income, education, wealth, age, and political party.
“Consumers remain focused on pocketbook issues like purchasing power, while political or military developments remain more in the background,” Joanne Hsu, director of the survey, said in a statement.
Even Democrats are getting more enthused…
Year-ahead inflation expectations ticked down from 4.6% in June to a still-elevated 4.2% this month. The current reading substantially exceeds the 3.4% seen in February before the Iran conflict began, along with all 2024 readings. Long-run inflation expectations held steady from last month at 3.3%, remaining a bit higher than the 2.8% to 3.2% range seen in 2024.
Additionally, five-year expected business conditions reached a 12-month high.
Finally, the report mentioned artificial intelligence has become a “salient” factor for consumers.
Hsu said the comments have been negative on net, though consumers cited both positive effects on productivity and negative impacts on the job market.
USA ECONOMIC REPORTS
Immigrant Business Owners Prepare Lawsuit Against Mamdani Over City-Run Grocery Stores
Friday, Jul 31, 2026 – 12:25 PM
Several immigrant business owners are preparing to sue New York City Mayor Zohran Mamdani over his plan for city-owned grocery stores, Fox News Digital confirmed Wednesday.
The Multicultural Business Coalition’s board voted this week to pursue legal action against the city over Mamdani’s proposal to open five taxpayer-funded grocery stores that would sell food at prices up to 30% below traditional retailers, according to the New York Post, which first reported the vote Tuesday.
MBC Chairman Frank Garcia said the coalition plans to send a letter to Mamdani’s office in the coming days outlining its legal plans to protect bodegas, competing grocers and other small businesses. If the mayor does not respond or agree to meet within three weeks, the group intends to proceed with the lawsuit.
Garcia said he has sought a meeting with the administration for months without success, despite public assurances from a city commissioner that officials would engage with all stakeholders.
“The commissioner said this administration is open to speak to everybody, and they want to hear from everybody,” Garcia told Fox News Digital.
“So I’ve been waiting for a meeting for a couple of months. Why aren’t they having me? We are ready to file the lawsuit if the mayor doesn’t meet with us.”
Garcia described the effort as nonpartisan, saying it is aimed at defending small business owners who are already struggling with rising costs in New York City.
He said lawyers will be ready to file once the three-week window closes, citing support from a coalition of civil rights and community organizations across the political spectrum.
“We’re nonpartisan. So we’re going to meet everybody, Republican or Democrat,” Garcia said, adding that a Democratic Jewish organization and other civil rights groups have offered support and funding for the legal fight.
The coalition was formed earlier this year specifically to oppose Mamdani’s grocery store initiative and includes members from African, Asian, Caribbean, Hispanic, Jewish and Middle Eastern business communities. It has drawn backing from city and state lawmakers, including New York State Senate Majority Leader Andrea Stewart-Cousins.
The looming lawsuit follows Mamdani’s release of additional details on the city-backed grocery plan, which has drawn renewed criticism from opponents who have branded it a “communist fantasy” and a threat to independent grocers already operating on thin margins. The mayor has separately faced pushback over his endorsed rent freeze, which a group of city landlords is also seeking to overturn in court.
Mamdani has defended the grocery store plan as a way to lower food costs for residents, pointing to it as a signature piece of his affordability agenda. Critics, including small business advocates and economists, have questioned whether a government-run retail operation can undercut private grocers without straining city finances or distorting the local market bodegas and immigrant-owned stores depend on to survive.
KING NEWS
| he King Report July 31, 2026 Issue 7795 | Independent View of the News |
| Yen Surge Spurs Speculation Japan Intervened in Market Again – BBG The yen surged by more than 3% against the US dollar, marking its biggest jump since December 2023… Investors and traders poured into/manipulated AI bubble stocks early on Thursday. Near 11:00 ET, the SOX Index was +7.55% with INTC +12.43%, MSFT +14.64%, NVDA +2.55%, Micron +14.26%, AMZN +4.78%; – and these issues were significantly lower that their highs. Meta was -8.73%; and Netflix was -2.17%. The DJTA was -2.62%; the DJIA was +0.32%; the Nas 100 +2.58%. At the 11:30 ET European close, the above readings were little changed. Bonds/notes were modestly lower; gasoline was -2.48%; WTI Oil was -0.24%. Precious metals soared. ESUs opened moderately higher on Thursday night. Traders eagerly bought, driving ESUs to 7392.50 at 22:00 ET. ESUs then eased lower, in slow motion, to 7351.50 at 4:02 ET. Traders then got busy on the buy side; ESUs marched to 7441.00 at 10:27 ET. The 2nd Hour Reversal knocked ESUs down to 7399.00 at 11:15 ET. The manipulation for the 11:30 ET European close conflated with Noon Balloon buying and July performance gaming to push ESUs to a daily high of 7492.00 (+140.75) at 16:01 ET. ESUs slid to7464.25 at 15:55 ET. A late manipulation pushed ESUs to at 16:01 ET. Advance Q2 GDP grew only 1.5%; 2.1% was consensus. Real Final Sales jump 3.9%; it was 1.7% in Q1. The Price Index for Gross Domestic Purchases soared 5.7%; it was 3.6% in Q1. The BLS: The personal consumption expenditures (PCE) price index increased 5.1 percent, compared with an increase of 4.6 percent, and the PCE price index excluding food and energy increased 3.4 percent, compared with an increase of 4.4 percent… https://www.bea.gov/sites/default/files/2026-07/gdp2q26-adv.pdf Table 1.5.2. Contributions to Percent Change in Real Gross Domestic Product, Expanded Detail Consumption 2.12 with Services 1.04; Gross Private Investment .53 with Equipment .80 and Changes in Private Inventory -.67; Net Trade -1.01 on Imports of Goods -1.51; Fed Gov -.26 on Nondef -.34 https://apps.bea.gov/iTable/?reqid=19&step=2&isuri=1&categories=survey#eyJhcHBpZCI6MTksInN0ZXBzIjpbMSwyLDNdLCJkYXRhIjpbWyJjYXRlZ29yaWVzIiwiU3VydmV5Il0sWyJOSVBBX1RhYmxlX0xpc3QiLCIzMiJdXX0= US Economy Grows at a Sluggish 1.5% in Second Quarter with Inflation Remaining Stubbornly High… rising imports weighed on growth… Business investment, excluding housing, rose at an 8.4% pace, down from 10.6% from January through March but strong, reflecting a surge in investment in artificial intelligence. Imports rose at an 11.5% pace, partly on a surge in shipments of computer chips and other products that support AI investment. The imports shaved 1.5 percentage off second-quarter GDP growth… https://apnews.com/article/economy-inflation-spending-growth-consumers-growth-jobs-caf3b24d92688568f9c4f95725c87e55 Monetary Maven @judyshel: Today’s WSJ @WSJopinion picks up on this same point about interpreting different reasons for rising yields. (Is Warsh smart to rely on rising bond yields to halt inflation or is the bond market voicing displeasure and a lack of confidence in the Fed to halt inflation?) https://x.com/judyshel/status/2082795152452489337 Positive aspects of previous session AI Bubble stocks soared on technical buying and July performance manipulation SOX Index +8.19% The S&P 500 Index rallied 1.66% on a technical rebound and desperate July performance gaming Nasdaq +2.789%; Naz 100 +3.36%; DJIA +1.19%; S&P Info Tech Sector +5.25% WTI Oil -$0.51 and WTI Gasoline -9.62 cents near 16:18 ET Negative aspects of previous session The DJTA sank 1.74%; S&P Real Estate -1.23%; S&P Com Services -2.52%; Cons Stables -2.24% USUs declined moderately but rallied modestly from the low. Precious metals rallied sharply. The 30-year is 5.21%. Ambiguous aspects of previous session What will dissenting Fed officials say in coming days? 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]: 7419.34 Previous session (S&P 500 Index) High/Low: 7448.75 (15:15 ET); 7371.63 (11:15 ET) @rawsalerts: Anthropic reveals several of its AI models escaped a testing environment & independently hacked three organizations without the company’s knowledge. U.S. sees progress toward deal to disarm Hamas, rebuild Gaza “Today, the Board of Peace reached a HISTORIC agreement for the COMPLETE DISARMAMENT of Hamas and all other armed groups in Gaza,” Trump said on Truth Social Thursday evening. “This is a monumental step toward lasting PEACE and SECURITY.”… The U.S.-led Board of Peace and mediators from Egypt, Qatar and Turkey have spent months negotiating with Hamas over a 15-point plan to demilitarize Gaza and transfer authority to the National Committee for the Administration of Gaza… https://www.axios.com/2026/07/30/hamas-weapons-gaza-deal-israel-board-peace U.S. spy chiefs equate China’s targeting of American voter files to ‘election interference’ “Election influence includes overt and covert influence activities of foreign governments or actors serving as agents of, or on behalf of, foreign governments intended to affect directly or indirectly a US election- including candidates, political parties, voters or their preferences, or political processes,” the statement said, citing the official definition. “Election interference is a subset of election influence targeted at the technical aspects of the election, including voter registration, casting and counting of ballots, and reporting of results,” it added… https://justthenews.com/government/white-house/hldwhite-house-china-election-interference Apple EPS Q3 EPS: $2.02 vs $1.89 exp; Sales: $109.417B, $108.651B exp. EPS includes $0.11 from tariff refunds; Sees Q4 Rev $111.7B to $113.B; APPL sank as much as 7.3%; More metrics at: https://x.com/financialjuice/status/2082927322139615605 Amazon EPS 5.87, 1.99 exp; Rev $200.6B, $197.11B exp; Greater China $18.82B, $19.58B exp; Sees Capex $220B, $200B exp; AMZN +8.7% at 17:22 ET. More https://x.com/financialjuice/status/2082920838823625102 Fed Balance Sheet: -$9.188B on -$13.933B of MBS & T-Bills +$3.453B; Reserves: -$77.579B Today is a summer Friday and the end of July. Traders will eagerly play for the Friday Rally and the manipulation to game July performance. ESUs are +24.25; NQUs are +248.00; USUs are +0/32; WTI Oil is +0.45; Gasoline is +0.04 at 20:21 ET. Expected Economic Data: Q2 Employment Cost Index 0.8%; July UM Sentiment 54.4, Current Conditions 54, Expectations 54.9, 1-yr Inflation 4.2%, 5-10-yr Inflation 3.3% S&P Index 50-day MA: 7469; 100-day MA: 7199; 200-day MA: 7020 (S&P 500 Close 7437.63) DJIA 50-day MA: 51,643; 100-day MA: 49,838; 200-day MA: 49,018 (DJIA Close 52,298.06) (Green is positive slope; Red is negative slope) Barack Obama Fathered Today’s Marxist Democrat Party Obama rammed through the biggest government takeover of health care in U.S. history… Health insurance premiums have nearly doubled since the passage of the “Affordable Care Act,” and taxpayers are stuck subsidizing a socialistic monstrosity that Obama promised wouldn’t add “a dime” to the national debt… Another hallmark of the DSA Marxists… is their associations with other radicals… He notoriously had a relationship with Bill Ayers, a founder of the Weather Underground… Obama took a chummy photo with and was endorsed by Louis Farrakhan and was a 20-year member of the church of Jeremiah Wright, notorious for his “God D-mn America” sermon and blaming the U.S. for the 9/11 attacks… He campaigned on “fundamentally transforming the United States of America… Michelle Obama echoed her husband’s position, asserting, “We’re going to have to change our traditions, our history; we’re going to have to move into a different place as a nation.”… Obama was also a forerunner of the DSA socialists when it came to weaponizing race for political gain… https://thefederalist.com/2026/07/30/barack-obama-fathered-todays-marxist-democrat-party/ Journalist’ heckles Chuck Schumer during anti-corruption bureau event: ‘Show your genocidal face’ https://trib.al/QKobJbO Illegal migrant allegedly killed Connecticut cop and his girlfriend while driving drunk and high https://trib.al/zbgOe62 @nicksortor: Spain’s Civil Guard chief declares the border has “TOTALLY COLLAPSED,” per @BillMelugin_ THOUSANDS of military-aged African men have poured over the border in the past several hours. This is because Spain just gave AMNESTY to illegals. All amnesty does is ENCOURAGE more illegal immigration. https://x.com/nicksortor/status/2082880885263663410 @visegrad24: Spanish border guards were powerless today and completely overwhelmed when thousands of illegal migrants stormed the border today. (Leftist PM) Sánchez’s government betrayed them by refusing help and left them alone against a huge crowd that act with complete impunity. Spain’s far-left PM Sánchez announced he will visit the Tarajal border crossing in Ceuta tomorrow morning with Interior Minister Grande-Marlaska, who refused to declare a national emergency or provide any help to stop the migrant flow. @patrickbetdavid: Spain could be headed into a civil war. This isn’t just a border dispute. Spain spent centuries under Muslim rule before Christian kingdoms fought for generations to reclaim the peninsula. Morocco still disputes Spain’s control of Ceuta and Melilla today. The past has a way of resurfacing… @TRobinsonNewEra: The king of Morocco pardoned almost 3k criminals just yesterday, including convicted terrorists, to mark “Throne Day”. And they’re now forcing their way into Spain. We had an email hack earlier this week that disrupted the distribution of our Thursday report. If you need a copy, let us know. All is well now. | |
SWAMP STORIES FOR YOU TONIGHT
GREG HUNTER….
harveyorganblog.com 
Wishing your wife a speedy recovery.
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